SeaCrest Wealth Management LLC Buys New Position in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

SeaCrest Wealth Management LLC acquired a new position in Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,041 shares of the bank's stock, valued at approximately $624,000. SeaCrest Wealth Management LLC owned about 0.26% of Bankwell Financial Group at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BWFG. Barclays PLC raised its holdings in Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank's stock valued at $623,000 after buying an additional 6,710 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Bankwell Financial Group by 3.8% in the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock worth $4,413,000 after acquiring an additional 5,438 shares during the period. State Street Corp increased its position in Bankwell Financial Group by 0.6% during the third quarter. State Street Corp now owns 78,017 shares of the bank's stock valued at $2,337,000 after acquiring an additional 500 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Bankwell Financial Group by 60.9% in the 3rd 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. Finally, 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 worth $588,000 after acquiring an additional 938 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors.

Bankwell Financial Group Trading Up 1.8 %

BWFG stock traded up $0.53 during midday trading on Friday, reaching $30.05. The company's stock had a trading volume of 17,154 shares, compared to its average volume of 15,414. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25. The stock has a fifty day simple moving average of $31.64 and a two-hundred day simple moving average of $29.21. The firm has a market capitalization of $236.19 million, a price-to-earnings ratio of 15.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $49.35 million during the quarter.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group's payout ratio is 41.03%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, EVP Steven H. Brunner sold 1,330 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the sale, the executive vice president now owns 3,002 shares of the company's stock, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darryl Demos acquired 2,290 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $32.61 per share, with a total value of $74,676.90. Following the completion of the transaction, the director now owns 8,156 shares of the company's stock, valued at $265,967.16. The trade was a 39.04 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 2,975 shares of company stock valued at $97,217 in the last ninety days. Insiders own 19.20% of the company's stock.

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.