Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey R. Dunne Purchases 501 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Jeffrey R. Dunne bought 501 shares of the business's stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $35.67 per share, with a total value of $17,870.67. Following the purchase, the director now directly owns 4,678 shares of the company's stock, valued at approximately $166,864.26. This represents a 11.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Price Performance

BWFG traded up $0.28 on Thursday, reaching $35.88. 10,113 shares of the company's stock were exchanged, compared to its average volume of 15,032. The stock has a market cap of $282.48 million, a PE ratio of 30.41 and a beta of 0.67. Bankwell Financial Group, Inc. has a twelve month low of $22.80 and a twelve month high of $36.00. The stock's fifty day moving average price is $33.00 and its 200-day moving average price is $31.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06.

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

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were issued a $0.20 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.80 annualized dividend and a yield of 2.23%. Bankwell Financial Group's payout ratio is 50.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BWFG shares. Keefe, Bruyette & Woods boosted their price target on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen lowered shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th.

Hedge Funds Weigh In On Bankwell Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC boosted its holdings in Bankwell Financial Group by 30.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock valued at $5,438,000 after purchasing an additional 40,458 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Bankwell Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank's stock valued at $8,998,000 after purchasing an additional 7,363 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Bankwell Financial Group by 60.8% in the 4th quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank's stock valued at $1,131,000 after purchasing an additional 13,733 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Bankwell Financial Group by 102.7% in the 4th quarter. JPMorgan Chase & Co. now owns 23,590 shares of the bank's stock valued at $735,000 after purchasing an additional 11,952 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Bankwell Financial Group in the 4th quarter valued at about $104,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

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.