Nuveen LLC Invests $244,000 in Bankwell Financial Group, Inc. $BWFG

Key Points

• Nuveen LLC has invested $244,000 in Bankwell Financial Group by purchasing 8,096 shares during the 1st quarter, marking a new position for the institutional investor.
• Several institutional investors, including Kestra Private Wealth Services LLC and GAMMA Investing LLC, have also made significant transactions involving Bankwell Financial Group's stock in recent months, demonstrating increased interest in the company.
• Bankwell Financial Group's stock has received varied analyst ratings, with a consensus rating of "Hold" and a price target of $42.00, indicating cautious optimism among analysts.

Nuveen LLC acquired a new position in Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,096 shares of the bank's stock, valued at approximately $244,000. Nuveen LLC owned 0.10% of Bankwell Financial Group as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Bankwell Financial Group by 3,002.9% in the first quarter. GAMMA Investing LLC now owns 1,086 shares of the bank's stock worth $36,000 after acquiring an additional 1,051 shares during the period. 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 worth $49,000 after buying an additional 1,357 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Bankwell Financial Group in the fourth quarter worth about $104,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Bankwell Financial Group in the first quarter worth about $217,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Bankwell Financial Group in the fourth quarter worth about $281,000. Institutional investors own 35.80% of the company's stock.

Bankwell Financial Group Trading Up 0.5%

BWFG stock traded up $0.23 during midday trading on Thursday, reaching $44.69. 56,888 shares of the company traded hands, compared to its average volume of 34,555. Bankwell Financial Group, Inc. has a 52-week low of $26.39 and a 52-week high of $45.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average of $40.11 and a 200-day moving average of $35.09. The firm has a market capitalization of $351.71 million, a price-to-earnings ratio of 17.32 and a beta of 0.71.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.28. Bankwell Financial Group had a return on equity of 7.44% and a net margin of 10.27%.The business had revenue of $47.14 million for the quarter, compared to the consensus estimate of $24.20 million.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 11th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 11th. Bankwell Financial Group's dividend payout ratio is presently 31.01%.

Insider Transactions at Bankwell Financial Group

In other news, insider Ryan Jason Hildebrand sold 2,051 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $39.69, for a total value of $81,404.19. Following the sale, the insider directly owned 3,334 shares in the company, valued at approximately $132,326.46. This represents a 38.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Todd Lampert sold 3,300 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $42.29, for a total value of $139,557.00. Following the completion of the sale, the director owned 13,533 shares in the company, valued at approximately $572,310.57. The trade was a 19.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 12,083 shares of company stock worth $535,913 and have sold 9,267 shares worth $377,769. Company insiders own 19.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BWFG shares. Raymond James Financial started coverage on Bankwell Financial Group in a research report on Thursday, June 26th. They issued a "market perform" rating on the stock. Hovde Group boosted their target price on Bankwell Financial Group from $38.50 to $42.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bankwell Financial Group currently has a consensus rating of "Hold" and an average price target of $42.00.

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.