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 the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $25.02, for a total value of $36,228.96. Following the completion of the sale, 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 available at this link.

Bankwell Financial Group Stock Performance

NASDAQ:BWFG opened at $24.61 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $194.42 million, a price-to-earnings ratio of 6.41 and a beta of 0.83. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $30.83. The stock’s 50 day simple moving average is $24.29 and its two-hundred day simple moving average is $25.83.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.48 earnings per share for the quarter. Bankwell Financial Group had a net margin of 15.28% and a return on equity of 11.55%. The company had revenue of $22.06 million for the quarter.

Bankwell Financial Group Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWFG. AJOVista LLC purchased a new stake in Bankwell Financial Group during the fourth quarter valued at approximately $67,000. BNP Paribas Financial Markets lifted its position in 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 buying an additional 1,582 shares during the last quarter. Carl P. Sherr & Co. LLC purchased a new position in Bankwell Financial Group during the fourth quarter worth $241,000. Bridge City Capital LLC increased its position in Bankwell Financial Group by 17.9% during the first quarter. Bridge City Capital LLC now owns 11,718 shares of the bank’s stock valued at $304,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new position in Bankwell Financial Group during the third quarter valued at $365,000. 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.