Lawrence B. Seidman Acquires 2,040 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFGGet Free Report) Director Lawrence B. Seidman acquired 2,040 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average price of $24.37 per share, with a total value of $49,714.80. Following the completion of the purchase, the director now owns 175,761 shares in the company, valued at $4,283,295.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Price Performance

Shares of BWFG opened at $24.74 on Friday. The company has a market cap of $195.45 million, a P/E ratio of 6.44 and a beta of 0.80. The stock has a fifty day moving average price of $24.41 and a 200 day moving average price of $26.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 1.07. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $30.83.

Bankwell Financial Group (NASDAQ:BWFGGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.48 EPS for the quarter. Bankwell Financial Group had a return on equity of 11.55% and a net margin of 15.28%. The firm had revenue of $22.06 million during the quarter.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.23%. Bankwell Financial Group’s payout ratio is 20.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Bankwell Financial Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock worth $8,541,000 after purchasing an additional 1,933 shares in the last quarter. GM Advisory Group LLC grew its stake in shares of Bankwell Financial Group by 0.8% in the first quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock worth $2,148,000 after purchasing an additional 640 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Bankwell Financial Group by 7.6% in the first quarter. Empowered Funds LLC now owns 17,444 shares of the bank’s stock worth $452,000 after purchasing an additional 1,225 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bankwell Financial Group by 119.9% in the first quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock worth $75,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Bridge City Capital LLC lifted its holdings in shares of Bankwell Financial Group by 17.9% in the first quarter. Bridge City Capital LLC now owns 11,718 shares of the bank’s stock valued at $304,000 after buying an additional 1,780 shares during the period. Institutional investors own 35.80% of the company’s stock.

About Bankwell Financial Group

(Get Free Report)

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.

Further Reading

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

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