Empowered Funds LLC Boosts Stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Empowered Funds LLC increased its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 5.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,642 shares of the bank’s stock after purchasing an additional 938 shares during the quarter. Empowered Funds LLC’s holdings in Bankwell Financial Group were worth $588,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BWFG. BNP Paribas Financial Markets boosted its stake in shares of Bankwell Financial Group by 119.9% in the first quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock valued at $75,000 after purchasing an additional 1,582 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 valued at $124,000 after acquiring an additional 1,449 shares during the period. Bank of New York Mellon Corp raised its stake 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 acquiring an additional 1,676 shares during the last quarter. GM Advisory Group LLC lifted its stake in shares of Bankwell Financial Group by 7.7% in the 2nd quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock worth $2,262,000 after acquiring an additional 6,341 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bankwell Financial Group by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock valued at $7,100,000 after buying an additional 755 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Bankwell Financial Group Stock Up 2.4 %

BWFG opened at $33.20 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $260.95 million, a price-to-earnings ratio of 17.03 and a beta of 0.83. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $33.40. The business has a 50-day moving average of $30.05 and a two-hundred day moving average of $27.29.

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

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, November 8th. Bankwell Financial Group’s payout ratio is currently 41.03%.

Analysts Set New Price Targets

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

Insider Activity at Bankwell Financial Group

In related news, EVP Christine Chivily sold 1,815 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total transaction of $50,602.20. Following the completion of the transaction, the executive vice president now owns 14,449 shares in the company, valued at $402,838.12. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.20% of the stock is owned by corporate insiders.

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.