Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Steven H. Brunner sold 421 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.60, for a total value of $12,461.60. Following the sale, the executive vice president now owns 604 shares of the company's stock, valued at approximately $17,878.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bankwell Financial Group Price Performance
BWFG opened at $28.69 on Friday. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $30.83. The firm has a 50-day moving average of $26.43 and a 200 day moving average of $25.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $226.59 million, a P/E ratio of 7.47 and a beta of 0.83.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The firm had revenue of $48.36 million during the quarter.
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The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, August 12th. Bankwell Financial Group's dividend payout ratio is currently 20.83%.
Institutional Trading of Bankwell Financial Group
Several hedge funds have recently made changes to their positions in the company. GM Advisory Group LLC increased its holdings in Bankwell Financial Group by 7.7% in the 2nd quarter. GM Advisory Group LLC now owns 89,154 shares of the bank's stock worth $2,262,000 after acquiring an additional 6,341 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Bankwell Financial Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank's stock worth $7,100,000 after purchasing an additional 755 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank's stock valued at $124,000 after purchasing an additional 1,449 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Bankwell Financial Group by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank's stock valued at $724,000 after buying an additional 1,676 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Bankwell Financial Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 329,246 shares of the bank's stock worth $8,541,000 after buying an additional 1,933 shares during the period. 35.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods upped their target price on Bankwell Financial Group from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Tuesday, July 30th.
Check Out Our Latest Stock Report on Bankwell Financial Group
Bankwell Financial Group Company Profile
(
Get Free Report)
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.
Further Reading
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