Bankwell Financial Group Price Performance
BWFG opened at $29.83 on Wednesday. It has a debt-to-equity ratio of 0.60, a current ratio of 1.06, and a quick ratio of 1.06. The market cap is $235.60 million, with a P/E ratio of 7.77 and a beta of 0.83. Its 50-day moving average is $29.03, and its 200-day moving average is $26.21. The 1-year range for stock price is from $22.47 to $31.09.
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) reported its earnings on July 24th. The bank posted $0.14 EPS, exceeding estimates of $0.10. It has a return on equity of 8.76% and a net margin of 11.76%, with revenues of $48.36 million for the quarter.
Bankwell Financial Group Dividend Announcement
The company declared a quarterly dividend of $0.20 per share, paid on August 23rd. This amounts to an annual dividend of $0.80, giving a yield of 2.68%. The dividend payout ratio is 20.83%.
Insider Activity
Recently, EVP Christine Chivily sold 1,815 shares at $27.88 each for a total of $50,602.20. She now holds 14,449 shares valued at about $402,838.12. Additionally, Director Kevin D. Leitao bought 2,500 shares at $26.83 per share for $67,075. Over the past 90 days, insiders purchased a total of 2,691 shares worth $72,620. Insiders own 19.20% of the stock.
Institutional Ownership Changes
Several institutional investors recently adjusted their positions in BWFG. Bridge City Capital LLC increased its holdings by 17.9%, while BNP Paribas Financial Markets raised theirs by 119.9%. Empowered Funds LLC and GM Advisory Group LLC also increased their stakes. Overall, hedge funds and institutions own 35.80% of the company.
Bankwell Financial Group Overview
Bankwell Financial Group, Inc is the holding company for Bankwell Bank. It offers various banking services, including personal and commercial loans, checking and savings accounts, mortgages, and credit lines.
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