Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Sells $236,466.40 in Stock
Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director James A. Fieber sold 7,144 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $33.10, for a total transaction of $236,466.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) traded down 1.05% during trading on Thursday, reaching $32.89. 2,150 shares of the company were exchanged. Bankwell Financial Group, Inc. has a 52-week low of $21.61 and a 52-week high of $38.50. The stock has a 50-day moving average of $32.30 and a 200 day moving average of $32.77. The stock has a market capitalization of $248.98 million, a P/E ratio of 18.16 and a beta of 0.56.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, August 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 15.47%.
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A number of institutional investors have recently modified their holdings of the company. Seidman Lawrence B boosted its position in Bankwell Financial Group by 35.3% in the second quarter. Seidman Lawrence B now owns 184,170 shares of the bank’s stock valued at $5,752,000 after buying an additional 48,000 shares during the period. Bank of New York Mellon Corp boosted its position in Bankwell Financial Group by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 29,512 shares of the bank’s stock valued at $922,000 after buying an additional 1,892 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Bankwell Financial Group by 3.9% in the second quarter. Wells Fargo & Company MN now owns 3,982 shares of the bank’s stock valued at $124,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 47.50% of the company’s stock.
BWFG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 target price on shares of Bankwell Financial Group in a research report on Thursday, July 27th. ValuEngine upgraded shares of Bankwell Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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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