Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 6,356 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Christine Chivily sold 6,356 shares of Bankwell Financial Group stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $23.60, for a total value of $150,001.60. Following the sale, the executive vice president now owns 15,348 shares of the company's stock, valued at approximately $362,212.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded up $0.14 on Tuesday, hitting $23.67. 3,373 shares of the company's stock were exchanged, compared to its average volume of 11,881. The company has a 50-day simple moving average of $24.69 and a 200-day simple moving average of $26.44. Bankwell Financial Group, Inc. has a 1 year low of $22.19 and a 1 year high of $30.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $186.95 million, a PE ratio of 6.16 and a beta of 0.80.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, May 9th. Bankwell Financial Group's dividend payout ratio (DPR) is presently 20.83%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their target price 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GM Advisory Group LLC increased its stake in shares of Bankwell Financial Group by 0.8% during the first quarter. GM Advisory Group LLC now owns 82,813 shares of the bank's stock worth $2,148,000 after purchasing an additional 640 shares in the last quarter. Empowered Funds LLC boosted its holdings in Bankwell Financial Group by 7.6% in the 1st quarter. Empowered Funds LLC now owns 17,444 shares of the bank's stock valued at $452,000 after purchasing an additional 1,225 shares during the last quarter. Barclays PLC increased its stake in Bankwell Financial Group by 16.1% during the third quarter. Barclays PLC now owns 9,685 shares of the bank's stock worth $235,000 after acquiring an additional 1,344 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Bankwell Financial Group by 119.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank's stock valued at $75,000 after buying an additional 1,582 shares during the period. Finally, Bridge City Capital LLC lifted its stake in Bankwell Financial Group by 17.9% during the first quarter. Bridge City Capital LLC now owns 11,718 shares of the bank's stock worth $304,000 after purchasing an additional 1,780 shares in the last quarter. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

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.