Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Darryl Demos Buys 1,450 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Rating) Director Darryl Demos bought 1,450 shares of the company in a trade on Thursday, May 26. The shares were purchased at an average cost of $34.55 per share, for a total transaction of $50,097.50. Following the completion of the acquisition, the director now directly owns 1,450 shares of the company, valued at approximately $50,097.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website.

The NASDAQ BWFG traded down $0.68 during trading hours on Tuesday, hitting $36.06. 749 shares of the company were traded, against an average volume of 45,159. Bankwell Financial Group, Inc. has a 52-week low of $26.78 and a 52-week high of $36.87. The company has a market capitalization of $279.83 million, a PE ratio of 9.59 and a beta of 0.70. The company has a debt ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $34.10 and its 200-day moving average is $33.43.

Bankwell Financial Group (NASDAQ:BWFG – Get Rating) last reported quarterly earnings data on Wednesday, April 27. The bank reported earnings per share (EPS) of $1.04 for the quarter, beating the consensus estimate of $0.91 by $0.13. Bankwell Financial Group posted a net margin of 32.50% and a return on equity of 14.83%. Equity research analysts expect Bankwell Financial Group, Inc. to post earnings per share of 3.85 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 23. Investors of record on Friday, May 13 received a dividend of $0.20 per share. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.80 and a yield of 2.22%. Bankwell Financial Group’s dividend payout ratio is currently 21.68%.

A number of hedge funds and other institutional investors have recently changed their positions in BWFG. Morgan Stanley increased its stake in Bankwell Financial Group by 101.8% during the second quarter. Morgan Stanley now owns 24,660 shares of the bank valued at $682,000 after acquiring 12,437 additional shares last quarter. Russell Investments Group Ltd. increased its holdings in Bankwell Financial Group by 454.5% in the third quarter. Russell Investments Group Ltd. now owns 6,100 shares of the bank valued at $179,000 after purchasing an additional 5,000 shares in the last quarter. American Century Companies Inc. increased its stake in Bankwell Financial Group by 17.5% in the third quarter. American Century Companies Inc. now owns 11,134 shares of the bank valued at $328,000 after buying an additional 1,660 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Bankwell Financial Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 68,850 shares of the bank worth $2,025,000 after acquiring 1,559 additional shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Bankwell Financial Group in Q3 worth approximately $227,000. 32.55% of the shares are held by institutional investors.

Several research companies have recently commented on BWFG. Zacks Investment Research downgraded shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a Monday, May 2 research rating. StockNews.com began covering Bankwell Financial Group shares in a research note on Thursday, March 31. They set a “buy” rating for the company.

Bankwell Financial Group Company Profile (Get an evaluation)

Bankwell Financial Group, Inc operates as a banking holding company for Bankwell Bank which provides various personal and corporate banking services. It offers various traditional deposit products, including checks, savings, money market and certificates of deposit. The company also offers first mortgage loans secured by residential properties occupied by one to four families for personal use; home equity loans and home equity lines of credit secured by owner-occupied single family residential properties of one to four families; loans secured by investor-owned commercial real estate, multi-family dwellings and single-family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail and other income-generating properties; land loans; commercial enterprise loans secured by assignments of corporate assets and personal guarantees from business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit.

See also

Insider buying and selling by quarter for Bankwell Financial Group (NASDAQ:BWFG)

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