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

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

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 Stock Performance

Shares of NASDAQ BWFG opened at $24.61 on Friday. The company’s fifty day moving average price is $24.29 and its 200 day moving average price is $25.83. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $30.83. The company has a market capitalization of $194.42 million, a PE ratio of 6.41 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 (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.48 earnings per share (EPS) for the quarter. Bankwell Financial Group had a net margin of 15.28% and a return on equity of 11.55%. The firm had revenue of $22.06 million for the quarter.

Bankwell Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were issued 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 (DPR) is presently 20.83%.

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWFG. GM Advisory Group LLC purchased a new position in Bankwell Financial Group during the fourth quarter valued at $2,480,000. Pacific Ridge Capital Partners LLC lifted its holdings in Bankwell Financial Group by 28.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock valued at $4,072,000 after purchasing an additional 29,616 shares in the last quarter. Kennedy Capital Management LLC purchased a new position in Bankwell Financial Group during the third quarter valued at $365,000. Carl P. Sherr & Co. LLC purchased a new position in Bankwell Financial Group during the fourth quarter valued at $241,000. Finally, AJOVista LLC purchased a new position in Bankwell Financial Group during the fourth quarter valued at $67,000. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.