GM Advisory Group LLC Acquires 653 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

GM Advisory Group LLC lifted its holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 0.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 89,807 shares of the bank’s stock after acquiring an additional 653 shares during the quarter. GM Advisory Group LLC owned 1.14% of Bankwell Financial Group worth $2,690,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in shares of Bankwell Financial Group by 119.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock valued at $75,000 after acquiring an additional 1,582 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 valued at $124,000 after purchasing an additional 1,449 shares during the last quarter. Empowered Funds LLC lifted its position in Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after purchasing an additional 938 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Bankwell Financial Group by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after purchasing an additional 1,676 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 purchasing an additional 755 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors.

Insider Transactions at Bankwell Financial Group

In related news, EVP Christine Chivily sold 1,815 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the transaction, the executive vice president now owns 14,449 shares of the company’s stock, valued at approximately $402,838.12. This trade represents a 11.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 19.20% of the company’s stock.

Bankwell Financial Group Price Performance

BWFG opened at $32.42 on Friday. The stock has a fifty day simple moving average of $29.97 and a two-hundred day simple moving average of $27.17. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a market cap of $254.82 million, a price-to-earnings ratio of 16.63 and a beta of 0.83. Bankwell Financial Group, Inc. has a 12-month low of $22.47 and a 12-month high of $33.17.

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, beating analysts’ consensus estimates 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 company had revenue of $49.35 million during the quarter.

Bankwell Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.47%. Bankwell Financial Group’s payout ratio is 41.03%.

Wall Street Analyst Weigh In

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

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.