Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Sells $61,876.44 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Matt Mcneill sold 1,908 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.43, for a total value of $61,876.44. Following the transaction, the insider now owns 40,353 shares in the company, valued at approximately $1,308,647.79. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bankwell Financial Group Price Performance

BWFG stock opened at $30.99 on Thursday. The stock has a market capitalization of $243.58 million, a price-to-earnings ratio of 26.26 and a beta of 0.87. The firm’s 50-day moving average price is $30.98 and its two-hundred day moving average price is $30.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a 12-month low of $22.47 and a 12-month high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s payout ratio is 67.80%.

Institutional Trading of Bankwell Financial Group

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Bankwell Financial Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 148,035 shares of the bank’s stock worth $4,612,000 after purchasing an additional 693 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Bankwell Financial Group by 30.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank’s stock worth $5,438,000 after buying an additional 40,458 shares during the period. JPMorgan Chase & Co. boosted its position in Bankwell Financial Group by 102.7% during the 4th quarter. JPMorgan Chase & Co. now owns 23,590 shares of the bank’s stock valued at $735,000 after acquiring an additional 11,952 shares in the last quarter. GM Advisory Group LLC boosted its position in Bankwell Financial Group by 0.6% during the 4th quarter. GM Advisory Group LLC now owns 90,358 shares of the bank’s stock valued at $2,815,000 after acquiring an additional 551 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Bankwell Financial Group by 35.4% during the 4th quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock worth $943,000 after acquiring an additional 7,908 shares during the period. Institutional investors own 35.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

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.