New insider activity at Bankwell Financial Group ( (BWFG) ) has taken place on February 11, 2025.
In a notable series of transactions, key executives at Bankwell Financial Group have offloaded shares of company stock. CEO Christopher R Gruseke sold 1,908 shares, generating $61,284. EVP & CCO Christine Chivily parted with 942 shares for $30,737. EVP & CFO Courtney E Sacchetti sold 445 shares, amounting to $14,533. EVP & CRO Steven H Brunner sold 680 shares, resulting in $22,215. Lastly, President & CBO Matt McNeill sold 1,908 shares, bringing in $61,876.
Recent Updates on BWFG stock
In the last 24 hours, Bankwell Financial Group Inc has reported its Q4 2024 earnings, showing a GAAP net income of $2.5 million, an improvement from the prior quarter, despite a decline in pre-tax, pre-provision net revenue. The company’s strategic actions, such as selling nonperforming assets and launching a new SBA lending division, are anticipated to enhance noninterest income and asset quality. Future benefits are expected from the repricing of time deposits and loan maturities, which will contribute to increased net interest income. Additionally, the company is reducing its commercial real estate exposure to manage its liability-sensitive balance sheet better. These developments have influenced recent market sentiment and analyst evaluations of the stock. The recent insider activity by Director Kevin D. Leitao, who acquired 2,000 shares, reflects confidence in the company’s future. Despite challenges such as decreased net interest margins and elevated non-interest expenses, the company is optimistic about 2025, expecting modest loan growth and increased net interest income.
More about Bankwell Financial Group
YTD Price Performance: 4.26%
Average Trading Volume: 16,383
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $248.3M
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