Bankwell Financial Group, Inc. (NASDAQ:BWFG) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC cut its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,158 shares of the bank’s stock after selling 2,708 shares during the quarter. Summit Trail Advisors LLC owned approximately 0.38% of Bankwell Financial Group worth $765,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Bankwell Financial Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock valued at $8,541,000 after purchasing an additional 1,933 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Bankwell Financial Group by 0.3% in the second 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 in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Bankwell Financial Group by 28.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock worth $4,072,000 after acquiring an additional 29,616 shares during the period. GM Advisory Group LLC boosted its stake in shares of Bankwell Financial Group by 7.7% during 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of 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 period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

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 sale, the executive vice president now directly owns 14,449 shares in the company, valued at $402,838.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Ryan Jason Hildebrand sold 1,448 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $25.02, for a total value of $36,228.96. Following the transaction, the insider now directly owns 1,885 shares of the company’s stock, valued at $47,162.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christine Chivily sold 1,815 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total transaction of $50,602.20. Following the sale, the executive vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $402,838.12. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 2,691 shares of company stock worth $72,620 and have sold 4,434 shares worth $118,035. Company insiders own 19.20% of the company’s stock.

Bankwell Financial Group Price Performance

Bankwell Financial Group stock opened at $29.70 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average price is $27.68 and its 200 day moving average price is $25.64. The stock has a market capitalization of $234.57 million, a P/E ratio of 7.73 and a beta of 0.83. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $31.09.

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

Bankwell Financial Group Announces Dividend

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

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.