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Steven H. Brunner, the Executive Vice President and Chief Risk Officer of Bankwell Financial Group, Inc. (NASDAQ:BWFG), a $241 million market cap financial institution, recently reported a sale of 680 shares of the company’s common stock. The shares were sold on February 7, 2025, at prices ranging from $32.66 to $32.85, totaling approximately $22,215. The stock has shown strong momentum, gaining over 23% in the past six months.
In addition to the sale, Brunner acquired 2,240 shares of common stock at no cost, as part of the company’s stock plan. This acquisition includes restricted and performance-restricted stocks, which are subject to vesting conditions over the coming years. The company maintains a 2.53% dividend yield and has consistently paid dividends for 11 consecutive years, according to InvestingPro.
Following these transactions, Brunner holds a total of 3,262 shares of Bankwell Financial Group. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value, with additional insights and metrics available to subscribers.
In other recent news, Bankwell Financial Group has reported an increase in its fourth-quarter earnings and declared a cash dividend for shareholders. The company’s GAAP net income rose to $2.5 million, or $0.32 per share, compared to the previous quarter’s $1.9 million, or $0.24 per share. Additionally, a $0.20 per share cash dividend has been declared, payable to shareholders of record as of February 11, 2025.
Despite this, the company’s pre-tax, pre-provision net revenue (PPNR) saw a 12% decline, dropping to $7.9 million. On a different note, Bankwell Financial Group has amended an agreement with investor Lawrence B. Seidman, now allowing him and his affiliates to acquire up to 14.99% of the company’s fully diluted outstanding common stock.
Moreover, the company has launched an SBA (LON:SBA) lending division and expects a growth in noninterest income from future gains on the sale of guaranteed portions of new SBA loans. These are recent developments that illustrate the ongoing activities within Bankwell Financial Group.
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