Bankwell Financial Group (NASDAQ:BWFG) Share Price Crosses Above 50-Day Moving Average of $24.28

Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $24.28 and traded as high as $25.64. Bankwell Financial Group shares last traded at $25.62, with a volume of 4,017 shares.

Bankwell Financial Group Stock Down 3.9 %

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $194.42 million, a price-to-earnings ratio of 6.41 and a beta of 0.83. The firm’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $25.84.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, April 24th. The bank reported $0.48 EPS for the quarter. The firm had revenue of $22.06 million for 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 announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders 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 yield of 3.25%. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 20.83%.

Insiders Place Their Bets

In other Bankwell Financial Group news, EVP Christine Chivily sold 6,356 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $23.60, for a total transaction of $150,001.60. Following the sale, the executive vice president now directly owns 15,348 shares in the company, valued at approximately $362,212.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Christine Chivily sold 6,356 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $23.60, for a total transaction of $150,001.60. Following the completion of the transaction, the executive vice president now directly owns 15,348 shares of the company’s stock, valued at approximately $362,212.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven H. Brunner sold 1,405 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $24.12, for a total transaction of $33,888.60. Following the transaction, the executive vice president now directly owns 2,621 shares of the company’s stock, valued at $63,218.52. The disclosure for this sale can be found here. In the last three months, insiders have purchased 2,507 shares of company stock worth $61,157 and have sold 10,559 shares worth $253,346. Corporate insiders own 19.20% of the company’s stock.

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Bankwell Financial Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock valued at $8,541,000 after buying an additional 1,933 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Bankwell Financial Group by 28.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock valued at $4,072,000 after buying an additional 29,616 shares in the last quarter. GM Advisory Group LLC grew its stake 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 valued at $2,148,000 after buying an additional 640 shares in the last quarter. BHZ Capital Management LP grew its stake in shares of Bankwell Financial Group by 7.4% in the fourth quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock valued at $846,000 after buying an additional 1,930 shares in the last quarter. Finally, Empowered Funds LLC grew its stake 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 valued at $452,000 after buying an additional 1,225 shares in the last quarter. 35.80% of the stock is owned by institutional investors.

About Bankwell Financial Group

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.