Bankwell Financial Group (NASDAQ:BWFG) Stock Price Passes Below Fifty Day Moving Average of $24.24

Bankwell Financial Group, Inc. (NASDAQ:BWFGGet Free Report)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.24 and traded as low as $23.82. Bankwell Financial Group shares last traded at $23.82, with a volume of 13,325 shares.

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 firm has a market capitalization of $188.18 million, a PE ratio of 6.20 and a beta of 0.81. The firm’s fifty day simple moving average is $24.24 and its 200-day simple moving average is $26.20.

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

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.36%. Bankwell Financial Group’s payout ratio is 20.83%.

Insider Activity

In other news, EVP Steven H. Brunner sold 1,405 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.12, for a total transaction of $33,888.60. Following the completion of the transaction, the executive vice president now directly owns 2,621 shares of the company’s stock, valued at $63,218.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Steven H. Brunner sold 1,405 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.12, for a total transaction of $33,888.60. Following the completion of the sale, the executive vice president now directly owns 2,621 shares in the company, valued at $63,218.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence B. Seidman bought 2,040 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $24.37 per share, with a total value of $49,714.80. Following the completion of the transaction, the director now directly owns 175,761 shares of the company’s stock, valued at approximately $4,283,295.57. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,303 shares of company stock valued at $56,263 and sold 8,361 shares valued at $198,374. 19.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bankwell Financial Group

A number of hedge funds have recently modified their holdings of the company. GM Advisory Group LLC boosted its position in shares of Bankwell Financial Group by 0.8% in the first quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock worth $2,148,000 after purchasing an additional 640 shares during the period. Empowered Funds LLC boosted its position 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 worth $452,000 after purchasing an additional 1,225 shares during the period. Barclays PLC boosted its position in shares of Bankwell Financial Group by 16.1% in the third quarter. Barclays PLC now owns 9,685 shares of the bank’s stock worth $235,000 after purchasing an additional 1,344 shares during the period. BNP Paribas Financial Markets boosted its position 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 worth $75,000 after purchasing an additional 1,582 shares during the period. Finally, Bridge City Capital LLC boosted 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 worth $304,000 after purchasing an additional 1,780 shares during the period. 35.80% of the stock is currently owned by institutional investors.

About Bankwell Financial Group

(Get Free Report)

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.

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