Hillsdale Investment Management Inc. Acquires Shares of 96,717 Bankwell Financial Group, Inc. $BWFG

Hillsdale Investment Management Inc. bought a new stake in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 96,717 shares of the bank’s stock, valued at approximately $4,280,000. Hillsdale Investment Management Inc. owned 1.23% of Bankwell Financial Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BWFG. Fourthstone LLC raised its stake in Bankwell Financial Group by 60.2% in the second quarter. Fourthstone LLC now owns 266,865 shares of the bank’s stock valued at $9,615,000 after purchasing an additional 100,302 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bankwell Financial Group by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock valued at $16,238,000 after buying an additional 13,823 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Bankwell Financial Group in the 1st quarter valued at approximately $250,000. Geode Capital Management LLC lifted its holdings in shares of Bankwell Financial Group by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after acquiring an additional 8,178 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Bankwell Financial Group by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 15,301 shares of the bank’s stock worth $551,000 after acquiring an additional 7,648 shares in the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Christine Chivily sold 1,985 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $49.80, for a total transaction of $98,853.00. Following the sale, the executive vice president directly owned 16,186 shares in the company, valued at $806,062.80. This trade represents a 10.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence B. Seidman purchased 1,600 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $48.11 per share, with a total value of $76,976.00. Following the completion of the transaction, the director owned 195,151 shares in the company, valued at approximately $9,388,714.61. This trade represents a 0.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 3,808 shares of company stock worth $182,188 and have sold 11,897 shares worth $592,523. Corporate insiders own 19.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Finally, Hovde Group upped their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Bankwell Financial Group Stock Up 0.7%

Shares of NASDAQ:BWFG opened at $48.51 on Monday. Bankwell Financial Group, Inc. has a 52-week low of $26.39 and a 52-week high of $51.54. The company has a market capitalization of $382.26 million, a PE ratio of 10.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $48.11 and a 200-day moving average of $45.33.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The firm had revenue of $30.32 million for the quarter, compared to the consensus estimate of $28.06 million. Bankwell Financial Group had a return on equity of 12.40% and a net margin of 16.94%.

Bankwell Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Bankwell Financial Group’s dividend payout ratio is currently 18.02%.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.