Ryan Jason Hildebrand Sells 1,282 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) insider Ryan Jason Hildebrand sold 1,282 shares of Bankwell Financial Group stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $36.86, for a total value of $47,254.52. Following the completion of the transaction, the insider owned 2,051 shares of the company's stock, valued at approximately $75,599.86. This represents a 38.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG traded up $0.77 during midday trading on Friday, hitting $37.85. The stock had a trading volume of 32,964 shares, compared to its average volume of 15,294. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $35.03 and a 200-day simple moving average of $31.89. The company has a market capitalization of $297.87 million, a PE ratio of 24.11 and a beta of 0.66. Bankwell Financial Group, Inc. has a 1 year low of $22.80 and a 1 year high of $40.21.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $23.57 million during the quarter, compared to the consensus estimate of $22.63 million. Bankwell Financial Group had a return on equity of 4.60% and a net margin of 6.33%.

Bankwell Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, May 9th. Bankwell Financial Group's dividend payout ratio (DPR) is 50.96%.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds have recently modified their holdings of the business. Fourthstone LLC grew its stake in Bankwell Financial Group by 307.5% during the 4th quarter. Fourthstone LLC now owns 105,585 shares of the bank's stock valued at $3,289,000 after acquiring an additional 79,673 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Bankwell Financial Group by 30.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock worth $5,438,000 after purchasing an additional 40,458 shares in the last quarter. Northeast Financial Consultants Inc acquired a new position in shares of Bankwell Financial Group during the 4th quarter worth approximately $682,000. GM Advisory Group LLC grew its position in shares of Bankwell Financial Group by 15.6% in the first quarter. GM Advisory Group LLC now owns 104,477 shares of the bank's stock valued at $3,153,000 after purchasing an additional 14,119 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its position in shares of Bankwell Financial Group by 60.8% in the fourth quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank's stock valued at $1,131,000 after purchasing an additional 13,733 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Hovde Group raised shares of Bankwell Financial Group to a "hold" rating and lifted their price target for the company from $35.00 to $38.50 in a research note on Monday, June 23rd. Wall Street Zen downgraded shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Raymond James Financial initiated coverage on shares of Bankwell Financial Group in a research report on Thursday, June 26th. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods upped 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.

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.