Bankwell Financial Group (NASDAQ:BWFG) EVP Sells $225,383.36 in Stock

Key Points

• EVP Christine Chivily sold 4,321 shares on May 1 at an average price of $52.16 for $225,383.36, trimming her stake by 26.7% to 11,865 shares; the sale was disclosed in an SEC filing.
• Bankwell declared a quarterly dividend of $0.20 per share payable May 19 (record/ex-dividend date: May 8), equal to $0.80 annually and a ~1.6% yield.
• The stock traded at $51.50 (down ~1.3%) with a market cap of ~$410M and a P/E of 10.34, while the company beat Q1 EPS estimates ($1.41 vs. $1.23) and has a 12‑month range of $33.20–$53.86.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Christine Chivily sold 4,321 shares of the firm's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $52.16, for a total value of $225,383.36. Following the completion of the transaction, the executive vice president owned 11,865 shares in the company, valued at $618,878.40. The trade was a 26.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Christine Chivily also recently made the following trade(s):

• On Monday, February 9th, Christine Chivily sold 1,985 shares of Bankwell Financial Group stock. The stock was sold at an average price of $49.80, for a total value of $98,853.00.

Bankwell Financial Group Trading Down 1.3%

Shares of NASDAQ:BWFG traded down $0.67 during midday trading on Monday, hitting $51.50. 17,784 shares of the stock were exchanged, compared to its average volume of 36,886. The business's 50-day moving average price is $49.14 and its 200 day moving average price is $47.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $410.42 million, a price-to-earnings ratio of 10.34 and a beta of 0.63. Bankwell Financial Group, Inc. has a 12 month low of $33.20 and a 12 month high of $53.86.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.18. Bankwell Financial Group had a return on equity of 13.53% and a net margin of 18.71%.The company had revenue of $30.23 million for the quarter, compared to analyst estimates of $30.47 million. Analysts predict that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current year.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 8th. Bankwell Financial Group's dividend payout ratio is presently 16.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC grew its stake in Bankwell Financial Group by 4.9% in the 1st quarter. Hsbc Holdings PLC now owns 19,870 shares of the bank's stock valued at $967,000 after purchasing an additional 932 shares during the period. GM Advisory Group LLC lifted its position in shares of Bankwell Financial Group by 0.4% during the 1st quarter. GM Advisory Group LLC now owns 106,498 shares of the bank's stock valued at $5,167,000 after buying an additional 439 shares during the last quarter. Invesco Ltd. lifted its position in shares of Bankwell Financial Group by 26.5% during the 4th quarter. Invesco Ltd. now owns 7,252 shares of the bank's stock valued at $332,000 after buying an additional 1,520 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Bankwell Financial Group by 9.9% during the 4th quarter. Empowered Funds LLC now owns 27,253 shares of the bank's stock valued at $1,249,000 after buying an additional 2,461 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Bankwell Financial Group during the 4th quarter valued at $532,000. Institutional investors own 35.80% of the company's stock.

Wall Street Analysts Forecast Growth

BWFG has been the topic of a number of research reports. Hovde Group upped their target price on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a "market perform" rating in a research report on Monday, February 2nd. Wall Street Zen lowered Bankwell Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Keefe, Bruyette & Woods upped their price target on Bankwell Financial Group from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.00.

About Bankwell Financial Group

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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