Christine Chivily Sells 1,815 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 1,815 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total transaction of $50,602.20. Following the sale, the executive vice president now directly owns 14,449 shares in the company, valued at $402,838.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christine Chivily also recently made the following trade(s):

• On Monday, July 1st, Christine Chivily sold 750 shares of Bankwell Financial Group stock. The shares were sold at an average price of $24.99, for a total transaction of $18,742.50.

Bankwell Financial Group Stock Performance

Shares of BWFG opened at $30.48 on Friday. The firm has a fifty day moving average of $26.06 and a 200-day moving average of $25.17. The company has a market cap of $240.73 million, a price-to-earnings ratio of 7.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.07 and a current ratio of 1.07. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $30.83.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.78%. The firm had revenue of $48.36 million for the quarter.

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. Bankwell Financial Group’s dividend payout ratio is presently 20.83%.

Institutional Trading of Bankwell Financial Group

Large investors have recently added to or reduced their stakes in the business. GM Advisory Group LLC acquired a new position in Bankwell Financial Group during the 4th quarter worth $2,480,000. Pacific Ridge Capital Partners LLC lifted its holdings in Bankwell Financial Group by 28.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock worth $4,072,000 after purchasing an additional 29,616 shares during the period. AJOVista LLC bought a new position in Bankwell Financial Group in the 4th quarter valued at about $67,000. Vanguard Group Inc. lifted its position in 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 during the period. Finally, BHZ Capital Management LP boosted its stake in Bankwell Financial Group by 7.4% during the 4th quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock valued at $846,000 after purchasing an additional 1,930 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on Bankwell Financial Group from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th.

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.