Bankwell Financial Group, Inc. (NASDAQ:BWFG) Holdings Trimmed by Bridge City Capital LLC

Bridge City Capital LLC lessened its holdings in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,135 shares of the bank’s stock after selling 442 shares during the quarter. Bridge City Capital LLC’s holdings in Bankwell Financial Group were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Bankwell Financial Group by 3,002.9% in the first quarter. GAMMA Investing LLC now owns 1,086 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,051 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Bankwell Financial Group by 655.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,357 shares during the period. Deutsche Bank AG bought a new stake in shares of Bankwell Financial Group in the fourth quarter valued at approximately $104,000. Mackenzie Financial Corp acquired a new stake in Bankwell Financial Group in the 4th quarter worth $281,000. Finally, Wells Fargo & Company MN increased its stake in Bankwell Financial Group by 9.4% during the fourth quarter. Wells Fargo & Company MN now owns 11,338 shares of the bank’s stock valued at $353,000 after acquiring an additional 975 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Insider Buying and Selling

In related news, EVP Steven H. Brunner sold 807 shares of Bankwell Financial Group stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $33.36, for a total value of $26,921.52. Following the sale, the executive vice president now owns 1,548 shares of the company’s stock, valued at approximately $51,641.28. The trade was a 34.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.48% of the stock is owned by corporate insiders.

Bankwell Financial Group Price Performance

Bankwell Financial Group stock opened at $35.66 on Monday. The firm has a market cap of $280.75 million, a PE ratio of 30.22 and a beta of 0.67. 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 $22.80 and a one year high of $36.00. The stock’s fifty day moving average price is $32.46 and its two-hundred day moving average price is $31.50.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%. The firm had revenue of $23.57 million for the quarter, compared to the consensus estimate of $22.63 million.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.24%. The ex-dividend date was Friday, May 9th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 50.96%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BWFG shares. Keefe, Bruyette & Woods boosted their target price on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Wall Street Zen lowered Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th.

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.