Lawrence B. Seidman Purchases 550 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Lawrence B. Seidman purchased 550 shares of Bankwell Financial Group stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average price of $35.67 per share, for a total transaction of $19,618.50. Following the transaction, the director now directly owns 3,327 shares of the company's stock, valued at $118,674.09. The trade was a 19.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Bankwell Financial Group Trading Down 1.9%

BWFG stock traded down $0.66 during mid-day trading on Monday, reaching $35.00. 10,196 shares of the stock traded hands, compared to its average volume of 14,976. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. Bankwell Financial Group, Inc. has a one year low of $22.80 and a one year high of $36.00. The stock has a market capitalization of $275.56 million, a PE ratio of 29.66 and a beta of 0.67. The business has a 50-day moving average price of $32.56 and a two-hundred day moving average price of $31.52.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%. The business had revenue of $23.57 million for the quarter, compared to analysts' expectations of $22.63 million.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, May 9th. Bankwell Financial Group's dividend payout ratio (DPR) is 50.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods boosted their price target on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BWFG. GAMMA Investing LLC increased its position in Bankwell Financial Group by 3,002.9% during 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. Tower Research Capital LLC TRC boosted its stake in shares of Bankwell Financial Group by 655.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank's stock valued at $49,000 after purchasing an additional 1,357 shares during the period. Deutsche Bank AG purchased a new stake in shares of Bankwell Financial Group during the fourth quarter valued at $104,000. Strs Ohio purchased a new stake in shares of Bankwell Financial Group during the first quarter valued at $148,000. Finally, Trexquant Investment LP purchased a new stake in shares of Bankwell Financial Group during the first quarter valued at $204,000. Institutional investors own 35.80% of the company's stock.

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.