Bankwell Financial Group, Inc. (BWFG) Director Sells $236,466.40 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director James A. Fieber sold 7,144 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $33.10, for a total transaction of $236,466.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group, Inc. (NASDAQ:BWFG) opened at 31.69 on Friday. The stock’s 50 day moving average is $32.32 and its 200-day moving average is $32.79. The stock has a market capitalization of $239.89 million, a price-to-earnings ratio of 17.50 and a beta of 0.56. Bankwell Financial Group, Inc. has a 12 month low of $21.61 and a 12 month high of $38.50.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, August 11th. Bankwell Financial Group’s payout ratio is 15.47%.

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Institutional investors have recently made changes to their positions in the stock. Banc Funds Co. LLC raised its position in shares of Bankwell Financial Group by 9.3% in the second quarter. Banc Funds Co. LLC now owns 412,094 shares of the bank’s stock worth $12,870,000 after buying an additional 35,000 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Bankwell Financial Group during the second quarter worth about $258,000. Vanguard Group Inc. increased its stake in shares of Bankwell Financial Group by 19.9% in the second quarter. Vanguard Group Inc. now owns 176,883 shares of the bank’s stock worth $5,524,000 after buying an additional 29,324 shares during the period. Northern Trust Corp increased its stake in shares of Bankwell Financial Group by 11.2% in the second quarter. Northern Trust Corp now owns 66,284 shares of the bank’s stock worth $2,070,000 after buying an additional 6,700 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Bankwell Financial Group by 13.6% in the second quarter. Citigroup Inc. now owns 7,535 shares of the bank’s stock worth $235,000 after buying an additional 901 shares during the period. 47.50% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on BWFG. ValuEngine upgraded shares of Bankwell Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 target price on shares of Bankwell Financial Group in a research report on Thursday, July 27th.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.

Insider Buying and Selling by Quarter for Bankwell Financial Group (NASDAQ:BWFG)

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