Courtney E. Sacchetti Sells 445 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti sold 445 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.66, for a total value of $14,533.70. Following the sale, the chief financial officer now directly owns 2,043 shares of the company’s stock, valued at approximately $66,724.38. This trade represents a 17.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bankwell Financial Group Trading Up 0.1 %

Shares of NASDAQ BWFG traded up $0.03 during trading on Monday, reaching $31.62. The stock had a trading volume of 3,546 shares, compared to its average volume of 15,027. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day moving average price is $31.07 and its 200-day moving average price is $29.95. The company has a market cap of $248.53 million, a P/E ratio of 26.80 and a beta of 0.87.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. Bankwell Financial Group’s payout ratio is presently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in Bankwell Financial Group by 60.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after purchasing an additional 715 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after purchasing an additional 7,238 shares in the last quarter. Empowered Funds LLC grew its stake in Bankwell Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after purchasing an additional 938 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Bankwell Financial Group during the 4th quarter worth $624,000. Finally, Barclays PLC grew its stake in Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after purchasing an additional 6,710 shares in the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price 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.

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.