Steven H. Brunner Sells 807 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 807 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $33.36, for a total value of $26,921.52. Following the sale, the executive vice president now directly owns 1,548 shares in the company, valued at approximately $51,641.28. The trade was a 34.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bankwell Financial Group Stock Up 2.8 %

Shares of NASDAQ:BWFG opened at $34.45 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The firm has a market cap of $271.78 million, a price-to-earnings ratio of 29.20 and a beta of 0.60. The stock’s 50-day moving average price is $30.13 and its two-hundred day moving average price is $30.71. Bankwell Financial Group, Inc. has a 12-month low of $22.80 and a 12-month high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, April 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%. The business had revenue of $23.57 million for the quarter, compared to analysts’ expectations of $22.63 million.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.32%. Bankwell Financial Group’s dividend payout ratio is presently 50.96%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Bankwell Financial Group by 3,002.9% during the first quarter. GAMMA Investing LLC now owns 1,086 shares of the bank’s stock worth $36,000 after acquiring an additional 1,051 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Bankwell Financial Group by 655.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank’s stock worth $49,000 after purchasing an additional 1,357 shares in the last quarter. Deutsche Bank AG purchased a new position in Bankwell Financial Group in the fourth quarter valued at approximately $104,000. Mackenzie Financial Corp purchased a new stake in Bankwell Financial Group during the fourth quarter worth approximately $281,000. Finally, JPMorgan Chase & Co. increased its position in shares of Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after acquiring an additional 7,238 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BWFG. Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. StockNews.com raised shares of Bankwell Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, April 25th.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.