Summit Trail Advisors LLC Decreases Stock Position in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Summit Trail Advisors LLC reduced its holdings in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,823 shares of the bank’s stock after selling 2,212 shares during the quarter. Summit Trail Advisors LLC’s holdings in Bankwell Financial Group were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWFG. BNP Paribas Financial Markets lifted its position in shares of Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Bankwell Financial Group by 164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after purchasing an additional 7,238 shares in the last quarter. Empowered Funds LLC lifted its holdings in Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after purchasing an additional 938 shares in the last quarter. Barclays PLC boosted its stake in shares of Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after purchasing an additional 6,710 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Bankwell Financial Group during the fourth quarter worth about $624,000. Institutional investors and hedge funds own 35.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Bankwell Financial Group Trading Down 0.3 %

Shares of Bankwell Financial Group stock opened at $31.47 on Wednesday. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The business’s fifty day moving average is $31.04 and its two-hundred day moving average 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 firm has a market cap of $247.35 million, a PE ratio of 26.67 and a beta of 0.87.

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

Bankwell Financial Group Dividend Announcement

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

Insider Activity at Bankwell Financial Group

In related news, insider Matt Mcneill sold 1,908 shares of Bankwell Financial Group stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.43, for a total value of $61,876.44. Following the transaction, the insider now owns 40,353 shares in the company, valued at approximately $1,308,647.79. This trade represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christine Chivily sold 942 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.63, for a total value of $30,737.46. Following the sale, the executive vice president now directly owns 16,047 shares of the company’s stock, valued at approximately $523,613.61. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 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.