Bankwell Financial Group (NASDAQ:BWFG) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Bankwell Financial Group, Inc. (NASDAQ:BWFG) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $47.94 and traded as high as $50.66. Bankwell Financial Group shares last traded at $49.90, with a volume of 49,454 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BWFG shares. Hovde Group increased their price target on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Bankwell Financial Group Price Performance

The firm has a market cap of $393.21 million, a P/E ratio of 11.24 and a beta of 0.70. The company has a fifty day moving average of $47.94 and a 200-day moving average of $44.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The firm had revenue of $30.32 million for the quarter, compared to analysts’ expectations of $28.06 million. Bankwell Financial Group had a return on equity of 12.40% and a net margin of 16.94%.

Bankwell Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 1.6%. Bankwell Financial Group’s dividend payout ratio (DPR) is 18.02%.

Insider Activity at Bankwell Financial Group

In other news, EVP Christine Chivily sold 2,553 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $45.52, for a total value of $116,212.56. Following the transaction, the executive vice president owned 13,939 shares in the company, valued at $634,503.28. The trade was a 15.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric J. Dale purchased 746 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average cost of $47.64 per share, with a total value of $35,539.44. Following the completion of the transaction, the director directly owned 41,296 shares of the company’s stock, valued at $1,967,341.44. The trade was a 1.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 2,208 shares of company stock worth $105,212. Insiders own 19.48% of the company’s stock.

Hedge Funds Weigh In On Bankwell Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Legato Capital Management LLC purchased a new stake in Bankwell Financial Group during the fourth quarter worth about $443,000. Daytona Street Capital LLC purchased a new stake in shares of Bankwell Financial Group during the 4th quarter worth approximately $229,000. JPMorgan Chase & Co. raised its holdings in shares of Bankwell Financial Group by 39.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,875 shares of the bank’s stock worth $348,000 after purchasing an additional 2,217 shares during the period. GM Advisory Group LLC lifted its stake in Bankwell Financial Group by 0.5% in the third quarter. GM Advisory Group LLC now owns 105,587 shares of the bank’s stock valued at $4,672,000 after purchasing an additional 521 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in Bankwell Financial Group in the third quarter valued at approximately $271,000. Institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.