Christine Chivily Sells 4,321 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 4,321 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $52.16, for a total value of $225,383.36. Following the sale, the executive vice president directly owned 11,865 shares of the company’s stock, valued at $618,878.40. This represents a 26.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Christine Chivily also recently made the following trade(s):

• On Monday, February 9th, Christine Chivily sold 1,985 shares of Bankwell Financial Group stock. The stock was sold at an average price of $49.80, for a total value of $98,853.00.

Bankwell Financial Group Price Performance

Shares of BWFG stock opened at $52.01 on Wednesday. Bankwell Financial Group, Inc. has a 52 week low of $33.20 and a 52 week high of $53.86. The stock has a market capitalization of $414.52 million, a PE ratio of 10.44 and a beta of 0.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $49.21 and its 200-day moving average is $47.53.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. Bankwell Financial Group had a return on equity of 13.53% and a net margin of 18.71%.The business had revenue of $30.23 million during the quarter, compared to analysts’ expectations of $30.47 million. Equities research analysts expect that Bankwell Financial Group, Inc. will post 5.35 EPS for the current fiscal year.

Bankwell Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 8th. Bankwell Financial Group’s dividend payout ratio is presently 16.06%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in shares of Bankwell Financial Group by 585.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after purchasing an additional 585 shares during the last quarter. CWM LLC raised its stake in shares of Bankwell Financial Group by 71.8% during the third quarter. CWM LLC now owns 1,041 shares of the bank’s stock worth $46,000 after buying an additional 435 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after buying an additional 314 shares during the period. Raymond James Financial Inc. bought a new position in Bankwell Financial Group in the second quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC boosted its stake in Bankwell Financial Group by 523.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after acquiring an additional 1,675 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWFG. Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Hovde Group upped their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Finally, Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bankwell Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small? to mid?sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision?making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.