US LNG exports surge but will buyers in China turn up?
Carl M. Porto, a director at Bankwell Financial Group, Inc. (NASDAQ:BWFG), has recently acquired 641 shares of the company’s common stock. The transaction, completed on June 6, 2025, was valued at approximately $22,864, with each share purchased at a price of $35.67. The purchase comes as BWFG trades near its 52-week high of $36.00, having delivered an impressive 52.3% return over the past year.
Following this acquisition, Porto holds a total of 20,331 shares through a deferred compensation plan, while his direct ownership remains at 20,465 shares. Additionally, he maintains indirect ownership of 4,303 shares through a law firm pension plan. This investment in the $272 million market cap company comes at an attractive price-to-book ratio of 0.99.
This stock acquisition aligns with Porto’s ongoing commitment to the company, as evidenced by his involvement in various stock plans, including the 2022 Bankwell Financial Group, Inc. Stock Plan. According to InvestingPro, BWFG has maintained dividend payments for 11 consecutive years, with analysts setting a target price of $42 per share.
In other recent news, Bankwell Financial Group has reported impressive first-quarter 2025 earnings, with an earnings per share (EPS) of $0.87, significantly surpassing analyst expectations of $0.73. This represents an 81% increase from the previous year. The company’s revenue also exceeded forecasts, reaching $23.57 million compared to the anticipated $22.63 million. Additionally, Bankwell’s net interest margin improved to 2.81%, reflecting effective financial management. The company has also projected net interest income for 2025 to be between $93 million and $95 million, with expectations of continued margin expansion. In a separate development, Bankwell recently held its Annual Meeting of Shareholders, where all director nominees were elected, and the company’s executive compensation was approved. Furthermore, the selection of RSM US LLP as the independent registered public accountants for the fiscal year was ratified. These developments highlight Bankwell’s strong financial performance and strategic initiatives.
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