Bankwell Financial Group, Inc. (NASDAQ:BWFG) Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC increased its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,584 shares of the bank's stock after acquiring an additional 40,458 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.22% of Bankwell Financial Group worth $5,438,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Bankwell Financial Group by 3.8% during the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock worth $4,413,000 after purchasing an additional 5,438 shares in the last quarter. GM Advisory Group LLC lifted its stake in shares of Bankwell Financial Group by 0.6% in the 4th quarter. GM Advisory Group LLC now owns 90,358 shares of the bank's stock valued at $2,815,000 after purchasing an additional 551 shares during the last quarter. State Street Corp boosted its stake in Bankwell Financial Group by 0.6% during the third quarter. State Street Corp now owns 78,017 shares of the bank's stock worth $2,337,000 after buying an additional 500 shares during the period. Bank of New York Mellon Corp lifted its stake in Bankwell Financial Group by 35.4% during the fourth quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank's stock worth $943,000 after purchasing an additional 7,908 shares in the last quarter. Finally, Fourthstone LLC purchased a new position in Bankwell Financial Group during the 3rd quarter valued at about $776,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Bankwell Financial Group news, insider Matt Mcneill sold 1,908 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.43, for a total transaction of $61,876.44. Following the transaction, the insider now owns 40,353 shares of the company's stock, valued at $1,308,647.79. This represents a 4.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Steven H. Brunner sold 2,198 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.69, for a total value of $67,456.62. Following the sale, the executive vice president now owns 604 shares in the company, valued at $18,536.76. This trade represents a 78.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,970 shares of company stock valued at $90,136 and sold 6,147 shares valued at $193,975. Company insiders own 19.20% of the company's stock.

Wall Street Analyst Weigh In

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.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded up $0.36 during trading hours on Monday, hitting $30.49. 2,446 shares of the company were exchanged, compared to its average volume of 14,335. The stock has a market capitalization of $241.08 million, a price-to-earnings ratio of 25.84 and a beta of 0.95. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25. The business has a 50-day moving average of $30.61 and a 200-day moving average of $30.65.

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

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.20 dividend. 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 2.62%. Bankwell Financial Group's dividend payout ratio (DPR) is 67.80%.

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.