Bankwell Financial Group, Inc. (NASDAQ:BWFG) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC trimmed its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) by 39.2% in the fourth quarter, according to its most recent 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 bought and sold shares of the stock. Bank of America Corp DE raised its position in Bankwell Financial Group by 20.0% in the 4th quarter. Bank of America Corp DE now owns 11,834 shares of the bank's stock valued at $369,000 after purchasing an additional 1,969 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Bankwell Financial Group by 655.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank's stock valued at $49,000 after purchasing an additional 1,357 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Bankwell Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank's stock valued at $8,998,000 after purchasing an additional 7,363 shares in the last quarter. Fourthstone LLC raised its position in Bankwell Financial Group by 307.5% in the 4th 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 in the last quarter. Finally, Barclays PLC raised its position in Bankwell Financial Group by 5.0% in the 4th quarter. Barclays PLC now owns 21,829 shares of the bank's stock valued at $681,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company's stock.

Insiders Place Their Bets

In other Bankwell Financial Group news, EVP Steven H. Brunner sold 807 shares of Bankwell Financial Group stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $33.36, for a total value of $26,921.52. Following the transaction, the executive vice president now directly owns 1,548 shares in the company, valued at approximately $51,641.28. This trade represents a 34.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BWFG. Keefe, Bruyette & Woods raised their target price on Bankwell Financial Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen lowered Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th.

Bankwell Financial Group Stock Up 0.1%

Shares of NASDAQ BWFG traded up $0.04 during midday trading on Thursday, hitting $35.01. 9,601 shares of the company's stock were exchanged, compared to its average volume of 14,911. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a twelve month low of $22.80 and a twelve month high of $36.00. The company has a market cap of $275.63 million, a PE ratio of 29.67 and a beta of 0.66. The firm's fifty day simple moving average is $32.25 and its 200-day simple moving average is $31.46.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The bank reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Friday, May 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, May 9th. Bankwell Financial Group's dividend payout ratio (DPR) is 50.96%.

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.