3,330 Shares in Bankwell Financial Group, Inc. (NASDAQ:BWFG) Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,330 shares of the bank’s stock, valued at approximately $104,000.

Several other large investors also recently made changes to their positions in the business. Fourthstone LLC boosted its stake in shares of Bankwell Financial Group by 307.5% in the fourth quarter. Fourthstone LLC now owns 105,585 shares of the bank’s stock valued at $3,289,000 after purchasing an additional 79,673 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of Bankwell Financial Group by 30.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank’s stock worth $5,438,000 after acquiring an additional 40,458 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Bankwell Financial Group by 60.8% in the 4th quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank’s stock worth $1,131,000 after acquiring an additional 13,733 shares during the period. JPMorgan Chase & Co. increased its stake in Bankwell Financial Group by 102.7% during the 4th quarter. JPMorgan Chase & Co. now owns 23,590 shares of the bank’s stock valued at $735,000 after buying an additional 11,952 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Bankwell Financial Group by 35.4% during the 4th quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock valued at $943,000 after buying an additional 7,908 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Insider Activity

In other Bankwell Financial Group news, Director Eric J. Dale bought 875 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $30.42 per share, for a total transaction of $26,617.50. Following the transaction, the director now owns 38,682 shares in the company, valued at approximately $1,176,706.44. This trade represents a 2.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven H. Brunner sold 807 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $33.36, for a total transaction of $26,921.52. Following the transaction, the executive vice president now owns 1,548 shares in the company, valued at approximately $51,641.28. The trade was a 34.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.48% of the stock is owned by corporate insiders.

Bankwell Financial Group Price Performance

Shares of Bankwell Financial Group stock opened at $35.13 on Wednesday. The firm has a fifty day simple moving average of $32.15 and a 200-day simple moving average of $31.44. 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 $22.80 and a 1-year high of $36.00. The stock has a market capitalization of $276.58 million, a price-to-earnings ratio of 29.77 and a beta of 0.66.

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

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.28%. Bankwell Financial Group’s dividend payout ratio is presently 50.96%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BWFG. Keefe, Bruyette & Woods lifted their price objective on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Wall Street Zen cut shares of Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a research note 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.