Bankwell Financial Group (NASDAQ:BWFG) Stock Price Passes Below Two Hundred Day Moving Average of $26.40

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.40 and traded as low as $23.70. Bankwell Financial Group shares last traded at $24.00, with a volume of 3,545 shares trading hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price objective on Bankwell Financial Group from $35.00 to $34.00 and set an "outperform" rating on the stock in a report on Tuesday, January 30th.

Bankwell Financial Group Trading Up 0.5 %

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 company has a market capitalization of $189.79 million, a P/E ratio of 6.25 and a beta of 0.80. The company's fifty day simple moving average is $24.86 and its 200-day simple moving average is $26.42.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, May 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, May 9th. Bankwell Financial Group's payout ratio is 20.83%.

Institutional Trading of Bankwell Financial Group

Hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC raised its position in shares of Bankwell Financial Group by 28.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank's stock worth $4,072,000 after acquiring an additional 29,616 shares in the last quarter. LSV Asset Management grew its stake in Bankwell Financial Group by 9.6% in the third quarter. LSV Asset Management now owns 131,946 shares of the bank's stock valued at $3,202,000 after purchasing an additional 11,592 shares during the last quarter. GM Advisory Group LLC bought a new position in Bankwell Financial Group in the fourth quarter worth about $2,480,000. BHZ Capital Management LP lifted its position in shares of Bankwell Financial Group by 7.4% during the fourth quarter. BHZ Capital Management LP now owns 28,036 shares of the bank's stock valued at $846,000 after buying an additional 1,930 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in shares of Bankwell Financial Group in the 3rd quarter valued at about $365,000. Hedge funds and other institutional investors own 35.80% of the company's stock.

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.