25,912 Shares in Bankwell Financial Group, Inc. (NASDAQ:BWFG) Purchased by Fourthstone LLC

Fourthstone LLC acquired a new position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,912 shares of the bank’s stock, valued at approximately $776,000. Fourthstone LLC owned 0.33% of Bankwell Financial Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BWFG. BNP Paribas Financial Markets boosted its holdings in shares of Bankwell Financial Group by 60.9% during the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after purchasing an additional 715 shares during the period. GM Advisory Group LLC boosted its stake in shares of Bankwell Financial Group by 0.7% during the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock valued at $2,690,000 after buying an additional 653 shares during the period. Empowered Funds LLC boosted its stake 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 buying an additional 938 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 valued at $7,100,000 after acquiring an additional 755 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased 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 acquiring an additional 1,449 shares during the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $34.00 price objective on shares of Bankwell Financial Group in a research report on Wednesday, October 16th.

Bankwell Financial Group Stock Down 1.9 %

NASDAQ:BWFG traded down $0.64 during mid-day trading on Thursday, reaching $33.50. The stock had a trading volume of 9,543 shares, compared to its average volume of 13,847. The stock has a market cap of $263.28 million, a P/E ratio of 17.18 and a beta of 0.83. The business’s 50 day moving average is $30.29 and its 200 day moving average is $27.51. 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 fifty-two week low of $22.47 and a fifty-two week high of $35.25.

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

Bankwell Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.39%. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 41.03%.

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.