Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director James A. Fieber Sells 2,856 Shares
Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director James A. Fieber sold 2,856 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $33.13, for a total value of $94,619.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Bankwell Financial Group, Inc. (NASDAQ:BWFG) traded down 1.17% during trading on Thursday, reaching $32.85. The company’s stock had a trading volume of 8,364 shares. The company has a market cap of $248.67 million, a P/E ratio of 18.14 and a beta of 0.56. The company’s 50 day moving average price is $32.30 and its 200 day moving average price is $32.77. Bankwell Financial Group, Inc. has a 52 week low of $21.61 and a 52 week high of $38.50.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Tuesday, August 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.85%. Bankwell Financial Group’s payout ratio is 15.47%.
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BWFG has been the topic of several recent research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 target price on shares of Bankwell Financial Group in a report on Thursday, July 27th. ValuEngine upgraded Bankwell Financial Group from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Several large investors have recently modified their holdings of BWFG. Wells Fargo & Company MN boosted its stake in shares of Bankwell Financial Group by 3.9% in the second quarter. Wells Fargo & Company MN now owns 3,982 shares of the bank’s stock worth $124,000 after buying an additional 151 shares during the last quarter. Seidman Lawrence B boosted its stake in shares of Bankwell Financial Group by 35.3% in the second quarter. Seidman Lawrence B now owns 184,170 shares of the bank’s stock worth $5,752,000 after buying an additional 48,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Bankwell Financial Group by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 29,512 shares of the bank’s stock worth $922,000 after buying an additional 1,892 shares during the last quarter. 47.50% of the stock is currently owned by institutional investors.
Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.
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