Bankwell Financial Group (NASDAQ:BWFG) Stock Price Crosses Above 50-Day Moving Average of $23.74

Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Rating)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $23.74 and traded as high as $24.00. Bankwell Financial Group shares last traded at $23.45, with a volume of 13,129 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BWFG. Keefe, Bruyette & Woods decreased their target price on shares of Bankwell Financial Group from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Thursday, April 6th. StockNews.com initiated coverage on shares of Bankwell Financial Group in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Hovde Group initiated coverage on shares of Bankwell Financial Group in a report on Wednesday, May 10th. They issued an “outperform” rating and a $26.00 price objective on the stock.

Bankwell Financial Group Stock Performance

The company has a market capitalization of $183.92 million, a price-to-earnings ratio of 4.60 and a beta of 0.68. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $23.74 and its 200-day simple moving average is $27.67.

Bankwell Financial Group (NASDAQ:BWFG – Get Rating) last released its earnings results on Wednesday, April 26th. The bank reported $1.33 earnings per share (EPS) for the quarter. The company had revenue of $27.07 million for the quarter. Bankwell Financial Group had a net margin of 27.58% and a return on equity of 15.59%.

Bankwell Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Friday, May 12th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.41%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 15.69%.

Insiders Place Their Bets

In other Bankwell Financial Group news, Director James M. Garnett, Jr. bought 10,000 shares of Bankwell Financial Group stock in a transaction on Tuesday, March 21st. The shares were bought at an average cost of $26.50 per share, for a total transaction of $265,000.00. Following the acquisition, the director now directly owns 85,673 shares in the company, valued at $2,270,334.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James M. Garnett, Jr. acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 21st. The shares were bought at an average cost of $26.50 per share, with a total value of $265,000.00. Following the transaction, the director now owns 85,673 shares in the company, valued at approximately $2,270,334.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James M. Garnett, Jr. acquired 9,306 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was purchased at an average cost of $26.52 per share, for a total transaction of $246,795.12. Following the completion of the transaction, the director now owns 75,473 shares in the company, valued at approximately $2,001,543.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 29,670 shares of company stock worth $820,697 in the last ninety days. 28.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bankwell Financial Group

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Bankwell Financial Group by 7.8% in the 1st quarter. JPMorgan Chase & Co. now owns 6,383 shares of the bank’s stock valued at $216,000 after buying an additional 460 shares during the last quarter. American Century Companies Inc. grew its position in shares of Bankwell Financial Group by 29.1% in the 1st quarter. American Century Companies Inc. now owns 19,707 shares of the bank’s stock valued at $667,000 after buying an additional 4,443 shares during the last quarter. US Bancorp DE grew its position in shares of Bankwell Financial Group by 15.6% in the 1st quarter. US Bancorp DE now owns 2,219 shares of the bank’s stock valued at $75,000 after buying an additional 300 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Bankwell Financial Group in the 1st quarter valued at $243,000. Finally, LSV Asset Management grew its position in shares of Bankwell Financial Group by 143.7% in the 1st quarter. LSV Asset Management now owns 46,763 shares of the bank’s stock valued at $1,582,000 after buying an additional 27,576 shares during the last quarter. 33.48% of the stock is owned by hedge funds and other institutional investors.

Bankwell Financial Group Company Profile

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Bankwell Financial Group, Inc is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Bankwell Bank. It offers checking, savings, money market, online and mobile banking, debit cards, and personal loans. The firm also delivers business banking solutions such as business checking, treasury management, business savings, commercial services, business loans and lines of credit, and commercial mortgages.