Dimensional Fund Advisors LP Boosts Stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Dimensional Fund Advisors LP raised its position in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,867 shares of the bank’s stock after purchasing an additional 755 shares during the quarter. Dimensional Fund Advisors LP owned 3.54% of Bankwell Financial Group worth $7,100,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Bankwell Financial Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock valued at $8,541,000 after buying an additional 1,933 shares during the period. BHZ Capital Management LP raised its stake in shares of Bankwell Financial Group by 7.4% in the 4th quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock valued at $846,000 after acquiring an additional 1,930 shares during the period. Bridge City Capital LLC lifted its holdings 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 valued at $304,000 after acquiring an additional 1,780 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 worth $724,000 after purchasing an additional 1,676 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Bankwell Financial Group by 119.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock worth $75,000 after purchasing an additional 1,582 shares during the period. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Bankwell Financial Group Stock Up 1.3 %

NASDAQ BWFG opened at $29.73 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $31.09. The business has a 50 day moving average price of $28.47 and a two-hundred day moving average price of $25.98. The stock has a market cap of $234.81 million, a PE ratio of 7.74 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, beating 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, August 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. Bankwell Financial Group’s dividend payout ratio is presently 20.83%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Bankwell Financial Group

In other Bankwell Financial Group news, Director Kevin D. Leitao purchased 2,500 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average price of $26.83 per share, with a total value of $67,075.00. Following the completion of the acquisition, the director now owns 2,500 shares of the company’s stock, valued at approximately $67,075. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Christine Chivily sold 1,815 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the completion of the sale, the executive vice president now owns 14,449 shares of the company’s stock, valued at approximately $402,838.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin D. Leitao bought 2,500 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was bought at an average price of $26.83 per share, for a total transaction of $67,075.00. Following the purchase, the director now owns 2,500 shares in the company, valued at approximately $67,075. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,691 shares of company stock valued at $72,620. 19.20% of the stock is currently owned by 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.