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Bankwell Financial Group, Inc. (NASDAQ: BWFG – Get a rating) Director Todd Lampert sold 770 shares of Bankwell Financial Group in a trade that took place on Friday, September 23. The stock was sold at an average price of $29.51, for a total transaction of $22,722.70. Following completion of the transaction, the administrator now directly owns 9,530 shares of the company, valued at approximately $281,230.30. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink.
Todd Lampert also recently made the following trade(s):
- On Wednesday September 21, Todd Lampert sold 230 shares of Bankwell Financial Group. The stock was sold at an average price of $31.25, for a total transaction of $7,187.50.
Bankwell Financial Group Share Performance
BWFG stock traded down $0.41 during Friday’s session, hitting $29.82. The company had a trading volume of 12,691 shares, compared to an average volume of 33,175. The company has a 50-day simple moving average of $32.13 and a 200-day simple moving average of $33.02. The company has a market capitalization of $231.43 million, a price-earnings ratio of 6.70 and a beta of 0.74. The company has a debt ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Bankwell Financial Group, Inc. has a 12-month low of $28.80 and a 12-month high of $36.87.
Bankwell Financial Group (NASDAQ: BWFG – Get a rating) last reported results on Wednesday, July 27. The bank reported EPS of $1.15 for the quarter. The company had revenue of $24.98 million in the quarter. Bankwell Financial Group achieved a net margin of 36.53% and a return on equity of 15.28%.
Bankwell Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25. Investors of record on Monday August 15 received a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a yield of 2.68%. The ex-dividend date was Friday, August 12. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 17.98%.
Bankwell Financial Group Institutional Trading
A number of institutional investors have recently bought and sold shares of BWFG. State Street Corp increased its stake in Bankwell Financial Group by 185.2% in the second quarter. State Street Corp now owns 62,950 shares of the bank worth $1,955,000 after buying 40,878 more shares last quarter. Northern Trust Corp increased its stake in Bankwell Financial Group by 123.2% during the second quarter. Northern Trust Corp now owns 68,236 shares of the bank valued at $2,119,000 after acquiring an additional 37,663 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Bankwell Financial Group during Q1 valued at approximately $1,031,000. LSV Asset Management increased its stake in Bankwell Financial Group by 143.7% in the 1st quarter. LSV Asset Management now owns 46,763 shares of the bank valued at $1,582,000 after acquiring an additional 27,576 shares during the period. Finally, Banc Funds Co. LLC increased its stake in Bankwell Financial Group by 7.7% in the 1st quarter. Banc Funds Co. LLC now owns 280,623 shares of the bank valued at $9,493,000 after acquiring an additional 20,000 shares during the period. 35.06% of the shares are currently held by institutional investors and hedge funds.
About Bankwell Financial Group
Bankwell Financial Group, Inc operates as a banking holding company for Bankwell Bank which provides various personal and corporate banking services. It offers various traditional deposit products, including checks, savings, money market and certificates of deposit. The company also offers first mortgage loans secured by residential properties occupied by one to four families for personal use; home equity loans and home equity lines of credit secured by owner-occupied single family residential properties of one to four families; loans secured by investor-owned commercial real estate, multi-family dwellings and single-family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail and other income-generating properties; land loans; commercial enterprise loans secured by assignments of corporate assets and personal guarantees from business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit.
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