Bankwell Financial Group (NASDAQ:BWFG) EVP Steven H. Brunner Sells 421 Shares

Key Points

• Steven Brunner, EVP of Bankwell Financial Group, sold 421 shares at an average price of $44.55, resulting in a 21.38% decrease in his position.
• The company recently reported earnings of $1.15 per share, surpassing analysts' expectations of $0.87 by $0.28, with a revenue of $47.14 million for the quarter.
• Bankwell Financial Group declared a quarterly dividend of $0.20 per share, yielding an annualized 1.7% and a payout ratio of 31.01%.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Steven H. Brunner sold 421 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $44.55, for a total transaction of $18,755.55. Following the completion of the sale, the executive vice president owned 1,548 shares in the company, valued at $68,963.40. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bankwell Financial Group Stock Performance

Shares of BWFG stock traded up $0.71 during trading on Wednesday, reaching $45.08. The company had a trading volume of 49,375 shares, compared to its average volume of 40,522. The firm's 50 day simple moving average is $40.69 and its two-hundred day simple moving average is $35.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $354.78 million, a PE ratio of 17.47 and a beta of 0.71. Bankwell Financial Group, Inc. has a one year low of $26.39 and a one year high of $46.63.

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

Bankwell Financial Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on BWFG. Wall Street Zen cut shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Raymond James Financial started coverage on Bankwell Financial Group in a research note on Thursday, June 26th. They set a "market perform" rating for the company. Finally, Hovde Group upped their price target on shares of Bankwell Financial Group from $38.50 to $42.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Bankwell Financial Group currently has an average rating of "Hold" and an average target price of $42.00.

Hedge Funds Weigh In On Bankwell Financial Group

A number of large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its holdings in Bankwell Financial Group by 70.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank's stock valued at $26,000 after buying an additional 299 shares during the period. GAMMA Investing LLC increased its stake in shares of Bankwell Financial Group by 3,002.9% in the first 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 lifted its stake in Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank's stock valued at $40,000 after acquiring an additional 314 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Bankwell Financial Group in the 2nd quarter worth approximately $50,000. Finally, Raymond James Financial Inc. acquired a new stake in Bankwell Financial Group during the 2nd quarter valued at $63,000. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.