BNP Paribas Financial Markets Raises Holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

BNP Paribas Financial Markets lifted its holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 60.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,890 shares of the bank’s stock after purchasing an additional 715 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bankwell Financial Group were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased 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 buying an additional 1,449 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Bankwell Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after acquiring an additional 938 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Bankwell Financial Group by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock worth $724,000 after acquiring an additional 1,676 shares during the period. GM Advisory Group LLC raised its holdings in shares of Bankwell Financial Group by 7.7% during the second quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock valued at $2,262,000 after purchasing an additional 6,341 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bankwell Financial Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock valued at $7,100,000 after purchasing an additional 755 shares during the last quarter. 35.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Darryl Demos purchased 2,290 shares of Bankwell Financial Group stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $32.61 per share, for a total transaction of $74,676.90. Following the completion of the transaction, the director now directly owns 8,156 shares in the company, valued at $265,967.16. This represents a 39.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven H. Brunner sold 1,330 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the transaction, the executive vice president now directly owns 3,002 shares in the company, valued at $99,005.96. This trade represents a 30.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,975 shares of company stock worth $97,217. Company insiders own 19.20% of the company’s stock.

Bankwell Financial Group Stock Up 0.3 %

Bankwell Financial Group stock opened at $30.61 on Friday. Bankwell Financial Group, Inc. has a one year low of $22.47 and a one year high of $35.25. The stock has a fifty day moving average of $31.25 and a 200 day moving average of $28.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $240.56 million, a PE ratio of 15.70 and a beta of 0.86.

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

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were given a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.61%. Bankwell Financial Group’s payout ratio is presently 41.03%.

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.