Steven Brunner Sells 421 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

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 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 value of $18,755.55. Following the transaction, the executive vice president directly owned 1,548 shares in the company, valued at approximately $68,963.40. This trade represents a 21.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bankwell Financial Group Stock Performance

Shares of BWFG traded up $1.45 during mid-day trading on Friday, reaching $46.14. The company's stock had a trading volume of 34,798 shares, compared to its average volume of 19,938. Bankwell Financial Group, Inc. has a 1-year low of $26.39 and a 1-year high of $46.63. The stock has a market cap of $363.08 million, a P/E ratio of 17.88 and a beta of 0.71. The business has a 50-day simple moving average of $40.11 and a two-hundred day simple moving average of $35.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its earnings results on Monday, July 28th. The bank reported $1.15 earnings per share 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 business had revenue of $47.14 million for the quarter, compared to analyst estimates of $24.20 million.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 11th were given 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 1.7%. Bankwell Financial Group's dividend payout ratio is presently 31.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased 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 boosted its position in shares of Bankwell Financial Group by 3,002.9% during 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 in the last quarter. BNP Paribas Financial Markets increased 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 acquired a new position in Bankwell Financial Group during the second quarter valued at approximately $50,000. Finally, Raymond James Financial Inc. bought a new stake in Bankwell Financial Group during the second quarter worth $63,000. Institutional investors and hedge funds own 35.80% of the company's stock.

Wall Street Analyst Weigh In

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

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