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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 942 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.63, for a total transaction of $30,737.46. Following the transaction, the executive vice president now directly owns 16,047 shares of the company’s stock, valued at approximately $523,613.61. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bankwell Financial Group Trading Down 0.3 %

Shares of BWFG opened at $31.47 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $31.04 and a 200-day simple moving average of $29.98. Bankwell Financial Group, Inc. has a 1-year low of $22.47 and a 1-year high of $35.25. The stock has a market cap of $247.35 million, a price-to-earnings ratio of 26.67 and a beta of 0.87.

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

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 2.54%. Bankwell Financial Group’s payout ratio is currently 67.80%.

Analysts Set New Price Targets

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

Institutional Trading of Bankwell Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of BWFG. Empowered Funds LLC grew its stake in Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after acquiring an additional 938 shares during the period. GM Advisory Group LLC grew its stake in Bankwell Financial Group by 0.7% in the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock worth $2,690,000 after acquiring an additional 653 shares during the period. BNP Paribas Financial Markets grew 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 acquiring an additional 715 shares during the period. Fourthstone LLC purchased a new stake in Bankwell Financial Group in the 3rd quarter worth approximately $776,000. Finally, State Street Corp grew its stake in Bankwell Financial Group by 0.6% in the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock worth $2,337,000 after acquiring an additional 500 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.