Insider Buying: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Purchases 501 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Jeffrey R. Dunne purchased 501 shares of the firm's stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $35.67 per share, with a total value of $17,870.67. Following the completion of the transaction, the director now owns 4,678 shares of the company's stock, valued at approximately $166,864.26. The trade was a 11.99% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Price Performance

BWFG stock traded down $0.66 during midday trading on Monday, reaching $35.00. The stock had a trading volume of 10,196 shares, compared to its average volume of 14,976. The company's fifty day simple moving average is $32.56 and its 200 day simple moving average is $31.52. 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 company has a market cap of $275.56 million, a price-to-earnings ratio of 29.66 and a beta of 0.67. Bankwell Financial Group, Inc. has a 52-week low of $22.80 and a 52-week high of $36.00.

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

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, May 9th. Bankwell Financial Group's payout ratio is 50.96%.

Hedge Funds Weigh In On Bankwell Financial Group

Several institutional investors have recently bought and sold shares of BWFG. Empowered Funds LLC boosted its stake in shares of Bankwell Financial Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 20,560 shares of the bank's stock valued at $640,000 after buying an additional 918 shares during the period. Bank of New York Mellon Corp lifted its stake in Bankwell Financial Group by 35.4% in the fourth quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank's stock valued at $943,000 after buying an additional 7,908 shares during the last quarter. GM Advisory Group LLC lifted its stake in Bankwell Financial Group by 0.6% in the fourth quarter. GM Advisory Group LLC now owns 90,358 shares of the bank's stock valued at $2,815,000 after buying an additional 551 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Bankwell Financial Group by 102.7% during the fourth quarter. JPMorgan Chase & Co. now owns 23,590 shares of the bank's stock worth $735,000 after purchasing an additional 11,952 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Bankwell Financial Group by 30.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock worth $5,438,000 after purchasing an additional 40,458 shares during the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BWFG shares. Wall Street Zen downgraded shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Keefe, Bruyette & Woods upped their price objective on Bankwell Financial Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th.

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.