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.
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