Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Sells $81,404.19 in 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 the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $39.69, for a total value of $81,404.19. Following the sale, the insider directly owned 3,334 shares of the company's stock, valued at $132,326.46. This represents a 38.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were sold at an average price of $36.86, for a total value of $47,254.52.

Bankwell Financial Group Price Performance

Shares of Bankwell Financial Group stock traded up $0.86 on Friday, hitting $39.86. The company's stock had a trading volume of 26,788 shares, compared to its average volume of 31,811. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.06. Bankwell Financial Group, Inc. has a 1 year low of $25.40 and a 1 year high of $41.13. The firm has a fifty day moving average price of $37.02 and a 200-day moving average price of $33.33. The company has a market capitalization of $313.70 million, a price-to-earnings ratio of 15.45 and a beta of 0.71.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $0.87 by $0.28. Bankwell Financial Group had a return on equity of 7.44% and a net margin of 10.27%. The company had revenue of $47.14 million during the quarter, compared to analyst estimates of $24.20 million.

Bankwell Financial Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fourthstone LLC lifted its stake in Bankwell Financial Group by 307.5% during the fourth quarter. Fourthstone LLC now owns 105,585 shares of the bank's stock worth $3,289,000 after purchasing an additional 79,673 shares in the last quarter. Northeast Financial Consultants Inc acquired a new position in Bankwell Financial Group during the fourth quarter worth $682,000. GM Advisory Group LLC lifted 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 purchasing an additional 14,119 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Bankwell Financial Group by 60.8% during the fourth quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank's stock worth $1,131,000 after purchasing an additional 13,733 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWFG has been the subject of a number of recent analyst reports. Hovde Group raised their price objective on Bankwell Financial Group from $38.50 to $42.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Wall Street Zen raised Bankwell Financial Group from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd. Raymond James Financial initiated coverage on Bankwell Financial Group in a research report on Thursday, June 26th. They issued a "market perform" rating for the company. Finally, Keefe, Bruyette & Woods raised 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.