Christine Chivily Sells 2,553 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 2,553 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $45.52, for a total transaction of $116,212.56. Following the sale, the executive vice president owned 13,939 shares in the company, valued at $634,503.28. The trade was a 15.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG traded up $0.39 during trading on Wednesday, hitting $45.48. 13,808 shares of the stock were exchanged, compared to its average volume of 22,014. Bankwell Financial Group, Inc. has a 12-month low of $26.39 and a 12-month high of $48.03. The company has a market cap of $358.25 million, a PE ratio of 12.60 and a beta of 0.73. The company has a fifty day moving average price of $43.80 and a two-hundred day moving average price of $39.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.49.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Thursday, October 23rd. The bank reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.25. Bankwell Financial Group had a net margin of 14.10% and a return on equity of 10.18%. The business had revenue of $27.76 million during the quarter, compared to analysts’ expectations of $27.26 million.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Monday, November 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 22.16%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors have recently made changes to their positions in BWFG. Fourthstone LLC increased its stake in Bankwell Financial Group by 60.2% during the second quarter. Fourthstone LLC now owns 266,865 shares of the bank’s stock valued at $9,615,000 after purchasing an additional 100,302 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Bankwell Financial Group during the third quarter worth about $4,280,000. GM Advisory Group LLC raised its stake in Bankwell Financial Group by 15.6% during the first quarter. GM Advisory Group LLC now owns 104,477 shares of the bank’s stock worth $3,153,000 after acquiring an additional 14,119 shares during the period. Vanguard Group Inc. lifted its holdings in Bankwell Financial Group by 3.9% in the third quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock worth $16,238,000 after acquiring an additional 13,823 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Bankwell Financial Group in the first quarter valued at approximately $250,000. 35.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Bankwell Financial Group from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Hovde Group lifted their target price on Bankwell Financial Group from $38.50 to $42.00 and gave the company a “market perform” rating in a report on Tuesday, July 29th. Wall Street Zen lowered Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bankwell Financial Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.50.

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.