Ryan Jason Hildebrand Sells 1,448 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 1,448 shares of Bankwell Financial Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of $25.02, for a total transaction of $36,228.96. Following the completion of the transaction, the insider now owns 1,885 shares in the company, valued at $47,162.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bankwell Financial Group Stock Down 3.9 %

Shares of NASDAQ BWFG opened at $24.61 on Friday. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $30.83. 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 stock has a market capitalization of $194.42 million, a price-to-earnings ratio of 6.41 and a beta of 0.83. The firm has a 50-day moving average price of $24.29 and a 200 day moving average price of $25.83.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results 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 business had revenue of $22.06 million for the quarter.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, May 9th. Bankwell Financial Group’s dividend payout ratio (DPR) is 20.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Bankwell Financial Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock valued at $8,541,000 after acquiring an additional 1,933 shares during the last quarter. GM Advisory Group LLC raised its position in Bankwell Financial Group by 0.8% during the first quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock worth $2,148,000 after acquiring an additional 640 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 valued at $452,000 after purchasing an additional 1,225 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 valued at $75,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Bridge City Capital LLC grew its position 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 purchasing an additional 1,780 shares during the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Company Profile

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.