Citadel Advisors LLC Has $385,000 Stock Holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Citadel Advisors LLC lowered its holdings in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 39.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,356 shares of the bank’s stock after selling 7,982 shares during the quarter. Citadel Advisors LLC owned 0.16% of Bankwell Financial Group worth $385,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BWFG. GM Advisory Group LLC raised 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 period. Geode Capital Management LLC increased its stake in Bankwell Financial Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 148,035 shares of the bank’s stock valued at $4,612,000 after buying an additional 693 shares during the last quarter. Empowered Funds LLC increased its position in shares of Bankwell Financial Group by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock valued at $640,000 after acquiring an additional 918 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Bankwell Financial Group by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 11,338 shares of the bank’s stock worth $353,000 after purchasing an additional 975 shares in the last quarter. Finally, Barclays PLC increased its holdings in Bankwell Financial Group by 5.0% during the fourth quarter. Barclays PLC now owns 21,829 shares of the bank’s stock worth $681,000 after buying an additional 1,048 shares during the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

Insider Transactions at Bankwell Financial Group

In other Bankwell Financial Group news, Director Eric J. Dale bought 875 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $30.42 per share, for a total transaction of $26,617.50. Following the acquisition, the director now directly owns 38,682 shares of the company’s stock, valued at approximately $1,176,706.44. The trade was a 2.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven H. Brunner sold 807 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $33.36, for a total value of $26,921.52. Following the completion of the sale, the executive vice president now directly owns 1,548 shares of the company’s stock, valued at $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 insiders.

Bankwell Financial Group Stock Performance

NASDAQ:BWFG opened at $35.13 on Wednesday. The stock’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $31.44. The firm has a market capitalization of $276.58 million, a PE ratio of 29.77 and a beta of 0.66. 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 twelve month low of $22.80 and a twelve month high of $36.00.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The company 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, May 9th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 50.96%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BWFG. Wall Street Zen lowered Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. Keefe, Bruyette & Woods upped their target price on Bankwell Financial Group from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, April 28th.

Bankwell Financial Group 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.