Bankwell Financial Group (NASDAQ:BWFG) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

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Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $37.68 and traded as high as $40.92. Bankwell Financial Group shares last traded at $40.32, with a volume of 23,709 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen cut Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Keefe, Bruyette & Woods raised their price target on Bankwell Financial Group from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Raymond James Financial assumed coverage on Bankwell Financial Group in a report on Thursday, June 26th. They issued a "market perform" rating for the company. Finally, Hovde Group raised 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Bankwell Financial Group currently has a consensus rating of "Hold" and an average target price of $42.00.

Bankwell Financial Group Stock Up 4.1%

The firm has a market cap of $327.94 million, a price-to-earnings ratio of 16.15 and a beta of 0.71. 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 50 day moving average price of $38.09 and a 200-day moving average price of $33.98.

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

Bankwell Financial Group Announces Dividend

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

Insider Buying and Selling at Bankwell Financial Group

In other news, insider Ryan Jason Hildebrand sold 2,051 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 3,334 shares of the company's stock, valued at $132,326.46. The trade was a 38.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders acquired 1,306 shares of company stock valued at $46,585 and sold 3,722 shares valued at $142,892. 19.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bankwell Financial Group

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

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.