GM Advisory Group LLC Purchases 551 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

GM Advisory Group LLC raised its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 90,358 shares of the bank’s stock after buying an additional 551 shares during the quarter. GM Advisory Group LLC’s holdings in Bankwell Financial Group were worth $2,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Bankwell Financial Group by 60.9% in 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 last quarter. JPMorgan Chase & Co. increased its position in Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after buying an additional 7,238 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after acquiring an additional 938 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Bankwell Financial Group in the fourth quarter worth $624,000. Finally, Barclays PLC boosted its holdings in shares of Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after acquiring an additional 6,710 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

Bankwell Financial Group Trading Down 0.8 %

Shares of BWFG stock opened at $29.38 on Wednesday. The firm has a market cap of $232.31 million, a P/E ratio of 24.90 and a beta of 0.95. The business has a 50-day moving average price of $30.43 and a two-hundred day moving average price of $30.61. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a 12-month low of $22.47 and a 12-month high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. Bankwell Financial Group’s dividend payout ratio is presently 67.80%.

Insider Activity at Bankwell Financial Group

In other news, Director Eric J. Dale acquired 875 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $30.42 per share, with a total value of $26,617.50. Following the transaction, the director now owns 38,682 shares in the company, valued at $1,176,706.44. The trade was a 2.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin D. Leitao acquired 2,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $30.38 per share, for a total transaction of $60,760.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $136,710. This represents a 80.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 2,970 shares of company stock worth $90,136 and have sold 6,147 shares worth $193,975. 19.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.