Bankwell Financial Group (NASDAQ:BWFG) Director Buys $489,940.00 in Stock

Key Points

• Lawrence Seidman, a Director at Bankwell Financial Group, purchased 11,000 shares of the company's stock at an average price of $44.54, increasing his ownership by 6.40%.
• Bankwell Financial Group's last quarterly earnings reported an EPS of $1.15, exceeding expectations of $0.87, with a revenue of $47.14 million.
• The company recently declared a quarterly dividend of $0.20 per share, leading to an annualized dividend yield of 1.8%.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Lawrence B. Seidman acquired 11,000 shares of Bankwell Financial Group stock in a transaction that occurred on Wednesday, September 10th. The stock was acquired at an average cost of $44.54 per share, for a total transaction of $489,940.00. Following the purchase, the director owned 187,397 shares of the company's stock, valued at $8,346,662.38. The trade was a 6.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Trading Down 1.3%

Shares of Bankwell Financial Group stock traded down $0.58 during trading on Tuesday, hitting $44.59. The company's stock had a trading volume of 17,923 shares, compared to its average volume of 20,268. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a 52 week low of $26.39 and a 52 week high of $46.63. The stock has a market cap of $351.02 million, a price-to-earnings ratio of 17.28 and a beta of 0.71. The stock has a 50-day moving average price of $40.41 and a two-hundred day moving average price of $35.34.

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

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. Bankwell Financial Group's payout ratio is currently 31.01%.

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its holdings in shares of Bankwell Financial Group by 70.7% in the 2nd 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 1st 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 2nd 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. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Bankwell Financial Group in the 2nd quarter worth about $50,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Bankwell Financial Group in the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 35.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BWFG. 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. Raymond James Financial began coverage on shares of Bankwell Financial Group in a report on Thursday, June 26th. They issued a "market perform" rating on the stock. Finally, Hovde Group boosted their target price on shares of 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 investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Bankwell Financial Group has an average rating of "Hold" and a consensus target price 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.