Barclays PLC Acquires 6,710 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Barclays PLC grew its holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 47.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,781 shares of the bank’s stock after acquiring an additional 6,710 shares during the period. Barclays PLC owned 0.26% of Bankwell Financial Group worth $623,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BWFG. Bank of New York Mellon Corp increased its position in 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 worth $724,000 after buying an additional 1,676 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bankwell Financial Group by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock worth $7,100,000 after acquiring an additional 755 shares in the last quarter. 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. Empowered Funds LLC increased its holdings in shares of Bankwell Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after acquiring an additional 938 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Bankwell Financial Group by 60.9% in the 3rd 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. Institutional investors and hedge funds own 35.80% of the company’s stock.

Bankwell Financial Group Stock Performance

Shares of BWFG opened at $29.52 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a one year low of $22.47 and a one year high of $35.25. The company’s fifty day moving average price is $31.64 and its 200 day moving average price is $29.21. The company has a market capitalization of $232.03 million, a PE ratio of 15.14 and a beta of 0.88.

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

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. Bankwell Financial Group’s dividend payout ratio is 41.03%.

Insider Transactions at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Steven H. Brunner sold 1,330 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the sale, the executive vice president now directly owns 3,002 shares of the company’s stock, valued at $99,005.96. This represents a 30.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darryl Demos acquired 2,290 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $32.61 per share, for a total transaction of $74,676.90. Following the acquisition, the director now owns 8,156 shares in the company, valued at approximately $265,967.16. This trade represents a 39.04 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,975 shares of company stock worth $97,217. Insiders own 19.20% of the company’s stock.

Analyst Ratings Changes

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

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.