Bankwell Financial Group (NASDAQ:BWFG) EVP Sells $10,179.75 in Stock

Key Points

• Steven Brunner, executive vice president of Bankwell Financial Group, sold 245 shares for a total of $10,179.75, representing an 11.07% reduction in his holdings.
• Bankwell recently reported earnings of $1.15 per share, surpassing expectations by $0.28, with a revenue of $47.14 million compared to the forecast of $24.20 million.
• The company announced a quarterly dividend of $0.20 per share, with a current annualized dividend yield of 1.9%.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Steven Brunner sold 245 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $41.55, for a total value of $10,179.75. Following the completion of the transaction, the executive vice president directly owned 1,969 shares in the company, valued at $81,811.95. This trade represents a 11.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Trading Down 1.4%

Shares of BWFG traded down $0.61 during trading hours on Tuesday, reaching $41.68. 9,245 shares of the company traded hands, compared to its average volume of 18,369. The stock's fifty day moving average price is $38.99 and its 200 day moving average price is $34.46. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The firm has a market cap of $327.98 million, a price-to-earnings ratio of 16.15 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.

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 (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.28. The company had revenue of $47.14 million during the quarter, compared to analysts' expectations 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, August 11th. Bankwell Financial Group's dividend payout ratio (DPR) is presently 31.01%.

Hedge Funds Weigh In On Bankwell Financial Group

A number of large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its holdings in shares of Bankwell Financial Group by 70.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank's stock valued at $26,000 after purchasing an additional 299 shares during the last quarter. GAMMA Investing LLC grew its stake in Bankwell Financial Group by 3,002.9% during the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the bank's stock worth $36,000 after buying an additional 1,051 shares during the last quarter. BNP Paribas Financial Markets increased its position in Bankwell Financial Group by 38.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank's stock valued at $40,000 after buying an additional 314 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Bankwell Financial Group by 655.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank's stock valued at $49,000 after buying an additional 1,357 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Bankwell Financial Group in the second quarter worth about $50,000. 35.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BWFG. Raymond James Financial initiated coverage on Bankwell Financial Group in a report on Thursday, June 26th. They issued a "market perform" rating for the company. Hovde Group upped their price objective on shares of Bankwell Financial Group from $38.50 to $42.00 and gave the stock a "market perform" rating in a research note 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 report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $42.00.

Bankwell Financial Group Company Profile

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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