Insider Selling: Director of Bankwell Financial Group, Inc. (NASDAQ:BWFG) sells 770 shares

Todd Lampert, a director of Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Rating) sold 770 shares of Bankwell Financial Group in a transaction that took place on Friday, September 23. The stock sold at an average price of $29.51 for a total transaction of $22,722.70. Upon completion of the transaction, the Director 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, which can be accessed at this hyperlink.

Todd Lampert also recently made the following trades:

  • On Wednesday, September 21, Todd Lampert sold 230 shares of Bankwell Financial Group. The stock sold at an average price of $31.25 for a total transaction of $7,187.50.

Bankwell Financial Group stock performance

BWFG shares fell $0.41 during Friday trading to hit $29.82. The company had a trading volume of 12,691 shares compared to its 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 cap of $231.43 million, a price-to-earnings ratio of 6.70 and a beta of 0.74. The company has a gearing 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 Rating) last released its earnings results on Wednesday, July 10th. The bank reported $1.15 per share for the quarter. The company had revenue of $24.98 million for the quarter. Bankwell Financial Group had 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 25th. Investors of record were paid a dividend of $0.20 on Monday, August 15th. That equates to an annual dividend of $0.80 and a yield of 2.68%. The ex-dividend date was Friday 12th August. Bankwell Financial Group’s Dividend Payout Ratio (DPR) is currently 17.98%.

Institutional Trading by Bankwell Financial Group

A number of institutional investors have recently bought and sold shares in 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, valued at $1,955,000, after purchasing an additional 40,878 shares last quarter. Northern Trust Corp increased its stake in Bankwell Financial Group by 123.2% in the second quarter. Northern Trust Corp now owns 68,236 shares of the bank, valued at $2,119,000, having purchased an additional 37,663 shares during the period. Atria Wealth Solutions Inc. acquired a new interest in Bankwell Financial Group during the first quarter for approximately $1,031,000. LSV Asset Management increased its stake in Bankwell Financial Group by 143.7% in the first quarter. LSV Asset Management now owns 46,763 shares of the bank, valued at $1,582,000, having purchased an additional 27,576 shares during the period. Finally, Banc Funds Co. LLC increased its stake in Bankwell Financial Group by 7.7% during the first quarter. Banc Funds Co. LLC now owns 280,623 shares of the bank, valued at $9,493,000, having purchased an additional 20,000 shares during the period. 35.06% of the shares are currently owned by institutional investors and hedge funds.

About Bankwell Financial Group

(received rating)

Bankwell Financial Group, Inc acts as the bank holding company for Bankwell Bank, which provides a variety of banking services to both individual and commercial customers. It offers various traditional deposit products including checking, savings, money market and certificates of deposit. The Company also provides first mortgage loans secured by one to four family owners of personal use secured residential properties; home equity loans and home equity lines of credit secured by owner-occupied residential properties for one to four families; Loans secured by commercial real estate, multi-family and single- to four-family houses owned by investors; commercial construction loans for commercial development projects, including multifamily and condominium buildings, as well as office, retail and other income generating properties; land loan; commercial business loans secured by assignments of company assets and personal guarantees by business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines.

Selected Stories

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

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