Blake S. Drexler, a director at Bankwell Financial Group, Inc. (NASDAQ:BWFG), acquired 79 shares of the company's common stock on June 5, 2026. The transaction, valued at $4,242, was executed indirectly through a deferred compensation plan at a price of $53.70 per share. This purchase brings his indirect holdings within the deferred compensation plan to a total of 36,933 shares.
The acquisition occurs as BWFG trades close to its 52-week high of $54.42. Over the past year, the stock has delivered a 57% return. According to InvestingPro analysis, the stock remains undervalued at current levels. The company maintains a market capitalization of $420 million and trades at a price-to-earnings ratio of 10.87.
In addition to his indirect holdings, Mr. Drexler directly holds 160,861 shares of common stock. He also holds various grants of restricted stock directly, including 400 shares from a 2022 grant, 534 shares from a 2023 grant, 1,200 shares from a 2025 grant, and 1,455 shares from a 2026 grant.
Further indirect holdings for Mr. Drexler include 1,128 shares through an IRA-401(k) and 58,224 shares held by family members over which he exercises effective control.
In other recent news, Bankwell Financial Group reported its first-quarter 2026 earnings, exceeding analysts' expectations. The company posted an earnings per share (EPS) of $1.41, outperforming the forecast of $1.22, which represents a 15.57% surprise. Revenue for the quarter also surpassed predictions, reaching $30.23 million compared to the anticipated $29.46 million.
Additionally, shareholders approved all proposals at the company's annual meeting, as indicated in the latest SEC filing. The meeting had participation from holders of 6,640,905 shares, representing a majority of the outstanding shares. These developments reflect the company's current financial performance and shareholder engagement.