GM Advisory Group LLC Increases Position in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

GM Advisory Group LLC lifted its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 0.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,807 shares of the bank’s stock after buying an additional 653 shares during the quarter. GM Advisory Group LLC’s holdings in Bankwell Financial Group were worth $2,690,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BWFG. BNP Paribas Financial Markets raised its holdings in Bankwell Financial Group by 119.9% during the first quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock valued at $75,000 after acquiring an additional 1,582 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Bankwell Financial Group by 42.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after purchasing an additional 1,449 shares in the last quarter. Empowered Funds LLC boosted its stake in Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after purchasing an additional 938 shares during the period. Bank of New York Mellon Corp grew its holdings in Bankwell Financial Group by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after buying an additional 1,676 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bankwell Financial Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock worth $7,100,000 after buying an additional 755 shares in the last quarter. Institutional investors own 35.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $34.00 target price on shares of Bankwell Financial Group in a research note on Wednesday, October 16th.

Insider Activity at Bankwell Financial Group

In related news, EVP Christine Chivily sold 1,815 shares of Bankwell Financial Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total value of $50,602.20. Following the completion of the transaction, the executive vice president now owns 14,449 shares in the company, valued at approximately $402,838.12. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 19.20% of the stock is owned by insiders.

Bankwell Financial Group Trading Up 2.0 %

Shares of Bankwell Financial Group stock opened at $32.42 on Friday. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $33.17. 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 business has a 50-day moving average price of $29.97 and a 200-day moving average price of $27.17. The firm has a market cap of $254.82 million, a price-to-earnings ratio of 16.63 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The business had revenue of $49.35 million during the quarter.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, November 8th. Bankwell Financial Group’s dividend payout ratio is presently 41.03%.

Bankwell Financial Group 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.