Bankwell Financial Group (NASDAQ:BWFG) Director Lawrence Seidman Purchases 10,000 Shares

Key Points

• Director Lawrence Seidman purchased 10,000 shares on March 10 at an average price of $46.94 ($469,400 total), raising his holdings to 204,649 shares — a 5.14% increase valued at about $9.61M.
• Bankwell beat expectations for the quarter with EPS of $1.36 vs. $1.20 and revenue of $30.32M, with a net margin of 16.94% and ROE of 12.21%.
• The stock traded at $46.60 (down 0.6%), carries a market cap of $371.8M and a P/E of 10.56, pays a $0.20 quarterly dividend (1.7% yield), and has a consensus analyst target of $52 with a "Moderate Buy" rating.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Lawrence Seidman acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $46.94 per share, with a total value of $469,400.00. Following the completion of the acquisition, the director directly owned 204,649 shares of the company's stock, valued at $9,606,224.06. This represents a 5.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bankwell Financial Group Stock Down 0.6%

BWFG stock traded down $0.30 during trading on Wednesday, hitting $46.60. 4,643 shares of the company's stock traded hands, compared to its average volume of 29,893. The firm has a market capitalization of $371.84 million, a P/E ratio of 10.56 and a beta of 0.67. Bankwell Financial Group, Inc. has a 1 year low of $26.39 and a 1 year high of $51.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $47.84 and a two-hundred day simple moving average of $45.92.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its earnings results on Thursday, January 29th. The bank reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.16. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.21%. The business had revenue of $30.32 million during the quarter, compared to the consensus estimate of $28.06 million.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, February 10th. Bankwell Financial Group's dividend payout ratio is 18.02%.

Hedge Funds Weigh In On Bankwell Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its holdings 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 worth $3,357,000 after acquiring an additional 4,890 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Bankwell Financial Group in the third quarter valued at approximately $4,280,000. Fourthstone LLC lifted its stake in Bankwell Financial Group by 60.2% during the second quarter. Fourthstone LLC now owns 266,865 shares of the bank's stock worth $9,615,000 after purchasing an additional 100,302 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Bankwell Financial Group during the second quarter worth $50,000. Finally, CWM LLC boosted its position 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 period. Institutional investors and hedge funds own 35.80% of the company's stock.

Wall Street Analysts Forecast Growth

BWFG has been the subject of several recent research reports. Hovde Group lifted their price target on Bankwell Financial Group from $48.00 to $49.00 and gave the company a "market perform" rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Bankwell Financial Group from a "buy" rating to a "hold" rating in a report on Saturday. Two investment 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Bankwell Financial Group Company Profile

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.

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