Empowered Funds LLC Buys 938 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Empowered Funds LLC boosted its position in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,642 shares of the bank’s stock after acquiring an additional 938 shares during the period. Empowered Funds LLC owned 0.25% of Bankwell Financial Group worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWFG. BNP Paribas Financial Markets lifted its stake in Bankwell Financial Group by 119.9% in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after purchasing an additional 1,449 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Bankwell Financial Group by 6.2% during the second 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 in the last quarter. GM Advisory Group LLC increased its position 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 buying an additional 6,341 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bankwell Financial Group by 0.3% in the 2nd 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 period. Institutional investors own 35.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $34.00 price target on shares of Bankwell Financial Group in a research note on Wednesday, October 16th.

Insiders Place Their Bets

In other news, EVP Christine Chivily sold 1,815 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total value of $50,602.20. Following the sale, the executive vice president now directly owns 14,449 shares in the company, valued at approximately $402,838.12. This represents a 11.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.20% of the company’s stock.

Bankwell Financial Group Trading Up 2.4 %

NASDAQ:BWFG opened at $33.20 on Monday. The company has a market cap of $260.95 million, a PE ratio of 17.03 and a beta of 0.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $27.29. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $33.40.

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

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. Bankwell Financial Group’s dividend payout ratio (DPR) is 41.03%.

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.