Jeffrey R. Dunne, Director of Bankwell Monetary Group, Inc. (NASDAQ:), not too long ago acquired extra frequent shares of the corporate. On December 6, Dunne bought 199 shares, with the transaction valued at roughly $6,547. The shares had been acquired at a value between $32.79 and $32.95 per share, near the present value of $32.61. The $248.85 million market cap firm has seen its shares bounce practically 40% over the previous six months.
Following this transaction, Dunne's complete holdings in Bankwell Monetary Group embody 3,447 shares held not directly via a deferred compensation plan. As well as, it instantly owns 834 shares, in addition to 1,600 and 1,666 shares respectively, beneath completely different possession buildings. InvestPro knowledge reveals that the corporate maintains a steady dividend yield of two.42% and has constantly paid dividends over the previous decade.
These transactions had been detailed in a Kind 4 filed with the Securities and Trade Fee, offering transparency about Dunne's funding actions with Bankwell Monetary Group. In line with InvestPro In line with the evaluation, the inventory is presently buying and selling close to truthful worth, with extra info and metrics accessible to subscribers.
Individually, Bankwell Monetary Group introduced a rise in internet revenue for the third quarter of 2024, reaching $1.9 million. Nevertheless, the corporate additionally introduced an $8.2 million cost off an workplace mortgage participation of $13.7 million, which had a major influence on earnings. Moreover, the corporate's board of administrators licensed a brand new inventory repurchase plan, permitting the corporate to repurchase as much as 250,000 shares of its excellent frequent inventory.
These current developments additionally embody a major modification to Bankwell's articles of incorporation, authorized by the corporate's board of administrators. Adjustments embody adjusting the month of the annual shareholder assembly and modernizing the corporate's strategy to share documentation.
Moreover, Bankwell continues to spend money on development, with current initiatives together with a lending partnership and the launch of a brand new small enterprise administration division. The corporate additionally expects decrease financing prices and potential internet curiosity margin advantages from loans maturing within the coming 12 months.
These info give buyers perception into current developments at Bankwell Monetary Group.
This text was generated with the assist of AI and reviewed by an editor. For extra info, seek the advice of our Basic Phrases and Circumstances.
#Bankwell #CFO #Jeffrey #Dunne #Acquires #Inventory #Investing.com , #Gossip247
,
