Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Buys $60,760.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao acquired 2,000 shares of Bankwell Financial Group stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $30.38 per share, with a total value of $60,760.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at $136,710. The trade was a 80.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Bankwell Financial Group Stock Up 0.7 %

BWFG stock opened at $30.63 on Wednesday. The stock has a market capitalization of $240.75 million, a PE ratio of 25.96 and a beta of 0.88. The company has a fifty day moving average of $31.35 and a 200-day moving average of $29.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. Bankwell Financial Group, Inc. has a one year low of $22.47 and a one year high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 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. The ex-dividend date is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 67.80%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Bankwell Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fourthstone LLC acquired a new position in Bankwell Financial Group during the third quarter worth $776,000. SeaCrest Wealth Management LLC acquired a new position in shares of Bankwell Financial Group during the 4th quarter worth $624,000. JPMorgan Chase & Co. boosted its position in shares of Bankwell Financial Group by 164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after buying an additional 7,238 shares in the last quarter. Barclays PLC grew its stake in Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after acquiring an additional 6,710 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Bankwell Financial Group by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock valued at $4,413,000 after acquiring an additional 5,438 shares in the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

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.