Bank of New York Mellon Corp Purchases 1,676 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Bank of New York Mellon Corp increased its holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,548 shares of the bank’s stock after purchasing an additional 1,676 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of Bankwell Financial Group worth $724,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BWFG. BNP Paribas Financial Markets lifted its position in Bankwell Financial Group by 119.9% in the first quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock worth $75,000 after buying an additional 1,582 shares during the last quarter. Bridge City Capital LLC boosted its stake in shares of Bankwell Financial Group by 17.9% during the 1st quarter. Bridge City Capital LLC now owns 11,718 shares of the bank’s stock worth $304,000 after purchasing an additional 1,780 shares during the period. Empowered Funds LLC grew its holdings in Bankwell Financial Group by 7.6% during the 1st quarter. Empowered Funds LLC now owns 17,444 shares of the bank’s stock valued at $452,000 after purchasing an additional 1,225 shares during the last quarter. BHZ Capital Management LP grew its holdings in Bankwell Financial Group by 7.4% during the 4th quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock valued at $846,000 after purchasing an additional 1,930 shares during the last quarter. Finally, GM Advisory Group LLC raised its position in Bankwell Financial Group by 0.8% in the 1st quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock worth $2,148,000 after purchasing an additional 640 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Insider Activity at Bankwell Financial Group

In other news, insider Ryan Jason Hildebrand sold 1,448 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $25.02, for a total transaction of $36,228.96. Following the sale, the insider now directly owns 1,885 shares in the company, valued at approximately $47,162.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kevin D. Leitao bought 2,500 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of $26.83 per share, for a total transaction of $67,075.00. Following the completion of the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $67,075. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan Jason Hildebrand sold 1,448 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $25.02, for a total value of $36,228.96. Following the sale, the insider now owns 1,885 shares of the company’s stock, valued at $47,162.70. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,691 shares of company stock worth $72,620 and sold 4,434 shares worth $118,035. 19.20% of the stock is owned by company insiders.

Bankwell Financial Group Trading Down 2.5 %

NASDAQ:BWFG opened at $29.70 on Monday. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $31.09. The firm has a 50 day moving average of $27.68 and a 200 day moving average of $25.64. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $234.57 million, a price-to-earnings ratio of 7.73 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The business had revenue of $48.36 million during the quarter.

Bankwell Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, August 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is 20.83%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on Bankwell Financial Group from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th.

About Bankwell Financial Group

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.