Bankwell Financial Group (NASDAQ:BWFG) Director Todd Lampert Sells 3,300 Shares

Key Points

• Todd Lampert, Director of Bankwell Financial Group, sold 3,300 shares at $42.29 each, reducing his stake by 19.60% to approximately 13,533 shares valued at $572,310.57.
• Bankwell Financial Group reported $1.15 earnings per share for the last quarter, significantly exceeding the consensus estimate of $0.87.
• The company declared a quarterly dividend of $0.20, resulting in an annualized payout of $0.80 with a yield of 1.9%.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Todd Lampert sold 3,300 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $42.29, for a total value of $139,557.00. Following the sale, the director owned 13,533 shares in the company, valued at approximately $572,310.57. The trade was a 19.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock opened at $42.47 on Friday. The stock has a market cap of $334.24 million, a PE ratio of 16.46 and a beta of 0.71. Bankwell Financial Group, Inc. has a 12 month low of $26.39 and a 12 month high of $43.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $38.71 and a 200-day simple moving average of $34.27.

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

Bankwell Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 11th were paid a $0.20 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Bankwell Financial Group's payout ratio is 31.01%.

Institutional Trading of Bankwell Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in shares of Bankwell Financial Group in the 1st quarter valued at about $217,000. GAMMA Investing LLC boosted its stake in Bankwell Financial Group by 3,002.9% in the first quarter. GAMMA Investing LLC now owns 1,086 shares of the bank's stock valued at $36,000 after acquiring an additional 1,051 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bankwell Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank's stock worth $8,998,000 after acquiring an additional 7,363 shares during the period. Bank of America Corp DE raised its position in shares of Bankwell Financial Group by 20.0% during the 4th quarter. Bank of America Corp DE now owns 11,834 shares of the bank's stock valued at $369,000 after acquiring an additional 1,969 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Bankwell Financial Group in the 4th quarter valued at $104,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BWFG has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on Bankwell Financial Group in a report on Thursday, June 26th. They set a "market perform" rating on the stock. Hovde Group increased their price target on Bankwell Financial Group from $38.50 to $42.00 and gave the company a "market perform" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Bankwell Financial Group currently has a consensus rating of "Hold" and an average price target of $42.00.

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.

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