Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Sells 2,051 Shares of Stock

Key Points

• Bankwell Financial Group, Inc. insider Ryan Jason Hildebrand sold 2,051 shares for $81,404.19, reducing his ownership by 38.09% to 3,334 shares.
• The bank reported earnings of $1.15 per share, exceeding the consensus estimate of $0.87, and had revenue of $47.14 million for the last quarter.
• A quarterly dividend of $0.20 per share was announced, representing a 2.0% dividend yield, with the ex-dividend date set for August 11th.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) insider Ryan Jason Hildebrand sold 2,051 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $39.69, for a total transaction of $81,404.19. Following the completion of the sale, the insider directly owned 3,334 shares of the company's stock, valued at approximately $132,326.46. This trade represents a 38.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ryan Jason Hildebrand also recently made the following trade(s):

• On Tuesday, July 1st, Ryan Jason Hildebrand sold 1,282 shares of Bankwell Financial Group stock. The stock was sold at an average price of $36.86, for a total value of $47,254.52.

Bankwell Financial Group Price Performance

Shares of BWFG traded down $0.38 during trading hours on Thursday, reaching $39.26. 12,946 shares of the company's stock traded hands, compared to its average volume of 17,188. The stock has a market cap of $309.05 million, a PE ratio of 15.22 and a beta of 0.71. Bankwell Financial Group, Inc. has a 12 month low of $25.40 and a 12 month high of $41.13. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The firm's 50 day simple moving average is $36.85 and its 200-day simple moving average is $33.18.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its earnings results on Monday, July 28th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.28. Bankwell Financial Group had a return on equity of 7.52% and a net margin of 10.27%. The company had revenue of $47.14 million for the quarter, compared to analyst estimates of $24.20 million.

Bankwell Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Bankwell Financial Group's payout ratio is 31.01%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of large investors have recently made changes to their positions in BWFG. Acadian Asset Management LLC boosted its stake in shares of Bankwell Financial Group by 5.5% in the 2nd quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank's stock valued at $3,357,000 after purchasing an additional 4,890 shares during the last quarter. Strs Ohio acquired a new stake in Bankwell Financial Group during the first quarter worth approximately $148,000. Jane Street Group LLC bought a new stake in Bankwell Financial Group during the first quarter worth $250,000. Empowered Funds LLC lifted its position in shares of Bankwell Financial Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 21,262 shares of the bank's stock valued at $642,000 after buying an additional 702 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Bankwell Financial Group in the first quarter worth $204,000. Institutional investors and hedge funds own 35.80% of the company's stock.

Analyst Ratings Changes

BWFG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Raymond James Financial initiated coverage on shares of Bankwell Financial Group in a research report on Thursday, June 26th. They issued a "market perform" rating for the company. Hovde Group lifted their price objective on Bankwell Financial Group from $38.50 to $42.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised Bankwell Financial Group from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

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.