GM Advisory Group LLC Purchases 6,341 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

GM Advisory Group LLC boosted its holdings in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,154 shares of the bank’s stock after purchasing an additional 6,341 shares during the period. GM Advisory Group LLC owned about 1.13% of Bankwell Financial Group worth $2,262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Bankwell Financial Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock worth $8,541,000 after acquiring an additional 1,933 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 grew its stake in shares of Bankwell Financial Group by 28.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock worth $4,072,000 after buying an additional 29,616 shares during the last quarter. Bank of New York Mellon Corp increased 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 worth $724,000 after buying an additional 1,676 shares in the last quarter. Finally, BHZ Capital Management LP lifted 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 last quarter. 35.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Bankwell Financial Group Stock Performance

Bankwell Financial Group stock opened at $30.47 on Friday. The business has a 50 day moving average of $27.57 and a 200-day moving average of $25.60. The company has a market capitalization of $240.65 million, a P/E ratio of 7.93 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. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $48.36 million for 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 business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, August 12th. Bankwell Financial Group’s dividend payout ratio is currently 20.83%.

Wall Street Analysts Forecast Growth

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 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.