Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director James A. Fieber sold 2,856 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $33.13, for a total value of $94,619.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Bankwell Financial Group, Inc. (NASDAQ BWFG) traded down 3.33% during mid-day trading on Friday, hitting $31.69. The company had a trading volume of 11,393 shares. The stock has a 50 day moving average price of $32.32 and a 200-day moving average price of $32.79. Bankwell Financial Group, Inc. has a 1-year low of $21.61 and a 1-year high of $38.50. The stock has a market capitalization of $239.89 million, a PE ratio of 17.50 and a beta of 0.56.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Tuesday, August 15th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, August 11th. This represents a $0.28 dividend on an annualized basis and a yield of 0.88%. Bankwell Financial Group’s payout ratio is 15.47%.
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Several analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 target price on shares of Bankwell Financial Group in a research note on Thursday, July 27th. ValuEngine raised Bankwell Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
A number of large investors have recently bought and sold shares of the stock. Seidman Lawrence B boosted its stake in Bankwell Financial Group by 35.3% in the second quarter. Seidman Lawrence B now owns 184,170 shares of the bank’s stock worth $5,752,000 after buying an additional 48,000 shares during the last quarter. Banc Funds Co. LLC boosted its position in 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 in the last quarter. Vanguard Group Inc. boosted its position in 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 in the last quarter. Dimensional Fund Advisors LP bought a new position in Bankwell Financial Group during the second quarter worth about $258,000. Finally, Northern Trust Corp boosted its position in 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 in the last quarter. 47.50% of the stock is owned by institutional investors.
About Bankwell Financial Group
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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