Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily Sells 750 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $24.99, for a total value of $18,742.50. Following the completion of the transaction, the executive vice president now directly owns 16,264 shares of the company’s stock, valued at approximately $406,437.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, May 13th, Christine Chivily sold 6,356 shares of Bankwell Financial Group stock. The stock was sold at an average price of $23.60, for a total transaction of $150,001.60.

Bankwell Financial Group Trading Down 3.9 %

Shares of NASDAQ BWFG opened at $24.61 on Thursday. The firm has a 50 day moving average price of $24.27 and a two-hundred day moving average price of $25.84. The stock has a market cap of $194.42 million, a P/E ratio of 6.41 and a beta of 0.83. Bankwell Financial Group, Inc. has a 52-week low of $22.47 and a 52-week high of $30.83. 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 (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.48 earnings per share for the quarter. The business had revenue of $22.06 million during the quarter. Bankwell Financial Group had a return on equity of 11.55% and a net margin of 15.28%.

Bankwell Financial Group Dividend Announcement

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

Hedge Funds Weigh In On Bankwell Financial Group

A number of hedge funds have recently bought and sold shares of the company. AJOVista LLC bought a new position in shares of Bankwell Financial Group in the 4th quarter worth about $67,000. Kennedy Capital Management LLC bought a new stake in Bankwell Financial Group in the third quarter worth approximately $365,000. Carl P. Sherr & Co. LLC acquired a new position in Bankwell Financial Group in the fourth quarter valued at approximately $241,000. BHZ Capital Management LP boosted its holdings in shares of Bankwell Financial Group by 7.4% during the 4th quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock worth $846,000 after buying an additional 1,930 shares in the last quarter. Finally, GM Advisory Group LLC acquired a new stake in shares of Bankwell Financial Group during the 4th quarter worth approximately $2,480,000. 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.