Bankwell Financial Group (NASDAQ:BWFG) Share Price Crosses Above Fifty Day Moving Average of $24.28

Bankwell Financial Group, Inc. (NASDAQ:BWFG)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.28 and traded as high as $25.64. Bankwell Financial Group shares last traded at $25.62, with a volume of 4,017 shares traded.

Bankwell Financial Group Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $25.85. The stock has a market cap of $202.40 million, a price-to-earnings ratio of 6.67 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.48 earnings per share for the quarter. Bankwell Financial Group had a return on equity of 11.55% and a net margin of 15.28%. The business had revenue of $22.06 million during the quarter.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were given a $0.20 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.12%. Bankwell Financial Group’s payout ratio is currently 20.83%.

Insider Activity

In other Bankwell Financial Group news, Director Lawrence B. Seidman acquired 2,040 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $24.37 per share, for a total transaction of $49,714.80. Following the completion of the purchase, the director now directly owns 175,761 shares in the company, valued at $4,283,295.57. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Christine Chivily sold 6,356 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $23.60, for a total transaction of $150,001.60. Following the sale, the executive vice president now owns 15,348 shares of the company’s stock, valued at $362,212.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence B. Seidman acquired 2,040 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $24.37 per share, with a total value of $49,714.80. Following the completion of the acquisition, the director now directly owns 175,761 shares in the company, valued at $4,283,295.57. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,507 shares of company stock valued at $61,157 and sold 8,361 shares valued at $198,374. Company insiders own 19.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GM Advisory Group LLC raised its stake in shares of Bankwell Financial Group by 0.8% during the first quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock valued at $2,148,000 after purchasing an additional 640 shares in the last quarter. Empowered Funds LLC raised its position in shares of Bankwell Financial Group by 7.6% during the 1st quarter. Empowered Funds LLC now owns 17,444 shares of the bank’s stock worth $452,000 after buying an additional 1,225 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Bankwell Financial Group by 119.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock worth $75,000 after acquiring an additional 1,582 shares during the period. Bridge City Capital LLC boosted 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 acquiring an additional 1,780 shares in the last quarter. Finally, BHZ Capital Management LP increased its stake in shares of Bankwell Financial Group by 7.4% during the fourth quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock valued at $846,000 after acquiring an additional 1,930 shares during the period. Institutional investors own 35.80% of the company’s stock.

About Bankwell Financial Group

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.