Mackenzie Financial Corp Takes $281,000 Position in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Mackenzie Financial Corp purchased a new position in Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,024 shares of the bank's stock, valued at approximately $281,000. Mackenzie Financial Corp owned approximately 0.11% of Bankwell Financial Group as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Northeast Financial Consultants Inc bought a new stake in shares of Bankwell Financial Group during the 4th quarter valued at $682,000. Deutsche Bank AG purchased a new stake in Bankwell Financial Group in the 4th quarter worth $104,000. Bridgeway Capital Management LLC raised its holdings in Bankwell Financial Group by 1.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 54,765 shares of the bank's stock valued at $1,706,000 after acquiring an additional 918 shares during the period. Bank of America Corp DE lifted its position in shares of Bankwell Financial Group by 20.0% in the fourth quarter. Bank of America Corp DE now owns 11,834 shares of the bank's stock valued at $369,000 after acquiring an additional 1,969 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Bankwell Financial Group by 655.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank's stock valued at $49,000 after acquiring an additional 1,357 shares in the last quarter. Institutional investors own 35.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Bankwell Financial Group from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen lowered shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th.

Bankwell Financial Group Price Performance

NASDAQ:BWFG traded up $0.65 during trading hours on Friday, reaching $35.66. The stock had a trading volume of 14,479 shares, compared to its average volume of 14,938. The stock has a market capitalization of $280.75 million, a PE ratio of 30.22 and a beta of 0.66. Bankwell Financial Group, Inc. has a 52 week low of $22.80 and a 52 week high of $36.00. The company has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $31.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $23.57 million for the quarter, compared to analysts' expectations 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 announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued 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 2.24%. Bankwell Financial Group's dividend payout ratio (DPR) is presently 50.96%.

Insider Buying and Selling at Bankwell Financial Group

In other Bankwell Financial Group news, 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 value of $26,921.52. Following the transaction, the executive vice president now directly owns 1,548 shares in the company, valued at $51,641.28. This represents a 34.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 19.48% of the company's stock.

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.