Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily Sells 942 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 942 shares of Bankwell Financial Group stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.63, for a total value of $30,737.46. Following the completion of the transaction, the executive vice president now owns 16,047 shares in the company, valued at $523,613.61. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Trading Down 0.1 %

NASDAQ:BWFG opened at $31.56 on Tuesday. The stock has a market capitalization of $248.03 million, a price-to-earnings ratio of 26.75 and a beta of 0.87. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $31.07 and a 200 day moving average of $29.95.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is presently 67.80%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds have recently modified their holdings of BWFG. BNP Paribas Financial Markets boosted its stake in Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after purchasing an additional 715 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Bankwell Financial Group by 164.5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after buying an additional 7,238 shares during the period. Empowered Funds LLC lifted its stake in shares of Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after buying an additional 938 shares during the period. Barclays PLC grew its holdings in shares of Bankwell Financial Group by 47.7% during the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after buying an additional 6,710 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Bankwell Financial Group in the 4th quarter valued at $624,000. Institutional investors and hedge funds own 35.80% of the company’s stock.

About Bankwell Financial Group

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.