Nuveen LLC Makes New $244,000 Investment in Bankwell Financial Group, Inc. $BWFG

Nuveen LLC bought a new position in Bankwell Financial Group, Inc. (NASDAQ:BWFG) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 8,096 shares of the bank’s stock, valued at approximately $244,000. Nuveen LLC owned approximately 0.10% of Bankwell Financial Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Bankwell Financial Group during the 1st quarter valued at $217,000. GAMMA Investing LLC raised its position in shares of Bankwell Financial Group by 3,002.9% during the 1st quarter. GAMMA Investing LLC now owns 1,086 shares of the bank’s stock valued at $36,000 after buying an additional 1,051 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bankwell Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank’s stock valued at $8,998,000 after buying an additional 7,363 shares in the last quarter. Bank of America Corp DE raised its position in shares of Bankwell Financial Group by 20.0% during the 4th quarter. Bank of America Corp DE now owns 11,834 shares of the bank’s stock valued at $369,000 after buying an additional 1,969 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Bankwell Financial Group during the 4th quarter valued at $104,000. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bankwell Financial Group

In other Bankwell Financial Group news, insider Ryan Jason Hildebrand sold 2,051 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $39.69, for a total value of $81,404.19. Following the transaction, the insider owned 3,334 shares in the company, valued at approximately $132,326.46. The trade was a 38.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd Lampert sold 3,300 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $42.29, for a total transaction of $139,557.00. Following the completion of the transaction, the director owned 13,533 shares in the company, valued at $572,310.57. The trade was a 19.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,083 shares of company stock worth $45,973 and sold 9,267 shares worth $377,769. 19.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Bankwell Financial Group in a research report on Thursday, June 26th. They set a “market perform” rating on the stock. Wall Street Zen cut shares of Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Finally, Hovde Group raised their price objective on shares of Bankwell Financial Group from $38.50 to $42.00 and gave the company a “market perform” rating in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Bankwell Financial Group Stock Up 1.0%

BWFG opened at $43.08 on Friday. The company has a market cap of $339.04 million, a P/E ratio of 16.70 and a beta of 0.71. The business’s 50-day moving average price is $39.52 and its 200-day moving average price is $34.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. Bankwell Financial Group, Inc. has a 12 month low of $26.39 and a 12 month high of $43.38.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $0.87 by $0.28. The firm had revenue of $47.14 million for the quarter, compared to the consensus estimate of $24.20 million. Bankwell Financial Group had a return on equity of 7.44% and a net margin of 10.27%.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 11th were given a $0.20 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Bankwell Financial Group’s payout ratio is presently 31.01%.

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.