Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Rating) Director Todd Lampert sold 770 shares of Bankwell Financial Group in a transaction that took place on Friday, September 23rd. The stock was 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 to $29.82 in Friday trading. The company had a trading volume of 12,691 shares while its average volume was 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 debt to equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Bankwell Financial Group, Inc. 12-month low of $28.80 and 12-month high of $36.87.
Bankwell Financial Group (NASDAQ:BWFG – Get Rating) last issued its earnings results on Wednesday, July 27th. The bank reported $1.15 per share for the quarter. The company’s revenue for the quarter was $24.98 million. 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. A dividend of $0.20 was paid to investors of record on Monday, August 15. That translates to a dividend of $0.80 and a yield of 2.68% year over year. The ex-dividend date was Friday 12th August. Bankwell Financial Group’s Dividend Payout Ratio (DPR) currently stands at 17.98%.
Institutional Trading by Bankwell Financial Group
Several 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 to 123.2% in the second quarter. Having purchased an additional 37,663 shares during the period, Northern Trust Corp now owns 68,236 shares of the bank valued at $2,119,000. Atria Wealth Solutions Inc. acquired a new interest in Bankwell Financial Group for approximately $1,031,000 during the first quarter. LSV Asset Management increased its stake in Bankwell Financial Group by 143.7% in the first quarter. After acquiring an additional 27,576 shares during the period, LSV Asset Management now holds 46,763 shares of the bank, valued at $1,582,000. Finally, Bank Funds Company LLC increased its stake in Bankwell Financial Group to 7.7% during the first quarter. After purchasing an additional 20,000 shares during this period, Bank Funds Company LLC now owns 280,623 bank shares valued at $9,493,000. 35.06% of the shares are currently owned by institutional investors and hedge funds.
About Bankwell Financial Group
Bankwell Financial Group, Inc. acts as the bank holding company for Bankwell Bank and provides a variety of retail and commercial banking services. It offers a variety of traditional deposit products including checks, savings deposits, money markets and certificates of deposit. The Company also offers a first mortgage loan secured by a one to four family owner who owns residential real estate for personal use; home equity loans and home equity lines of credit secured by the owner of residential properties containing one to four families; Loans secured by commercial real estate, multi-family houses and one- to four-family houses owned by the investor; 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 assignment 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.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the Marketbeat editorial team before publication. Please send questions or comments about this story to c[email protected]
Hear this before you consider Bankwell Financial Group.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified five stocks that top analysts are softly whispering to their clients to buy before the broader market takes it… and Bankwell Financial Group wasn’t on the list.
While Bankwell Financial Group is currently rated “N/A” by analysts, top-tier analysts consider these five stocks to be better buys.
Check out five stocks here