Bankwell Financial Group, Inc. (NASDAQ:BWFG) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC lowered its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,823 shares of the bank’s stock after selling 2,212 shares during the period. Summit Trail Advisors LLC owned about 0.33% of Bankwell Financial Group worth $804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BWFG. Fourthstone LLC purchased a new position in Bankwell Financial Group during the 3rd quarter worth approximately $776,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Bankwell Financial Group in the fourth quarter valued at approximately $624,000. JPMorgan Chase & Co. grew its position in shares of Bankwell Financial Group by 164.5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after acquiring an additional 7,238 shares during the last quarter. Barclays PLC increased its holdings in shares of Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after acquiring an additional 6,710 shares during the period. Finally, Geode Capital Management LLC raised its position in Bankwell Financial Group by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock valued at $4,413,000 after purchasing an additional 5,438 shares during the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Bankwell Financial Group Stock Performance

Shares of BWFG stock opened at $31.47 on Wednesday. The stock’s 50-day moving average price is $31.04 and its 200 day moving average price is $29.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $247.35 million, a PE ratio of 26.67 and a beta of 0.87. Bankwell Financial Group, Inc. has a 52-week low of $22.47 and a 52-week high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 2.54%. Bankwell Financial Group’s dividend payout ratio is currently 67.80%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other Bankwell Financial Group news, Director Darryl Demos bought 2,290 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $32.61 per share, with a total value of $74,676.90. Following the purchase, the director now owns 8,156 shares in the company, valued at approximately $265,967.16. This represents a 39.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven H. Brunner sold 1,330 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the sale, the executive vice president now directly owns 3,002 shares of the company’s stock, valued at $99,005.96. This represents a 30.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 4,975 shares of company stock worth $157,977 and sold 7,023 shares worth $224,682. 19.20% of the stock is owned by insiders.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.