Trexquant Investment LP Takes $204,000 Position in Bankwell Financial Group, Inc. $BWFG

Key Points

• Trexquant Investment LP acquired a new stake in Bankwell Financial Group, purchasing 6,755 shares valued at approximately $204,000, raising its ownership to about 0.09%.
• A variety of institutional investors increased their positions in Bankwell Financial Group, with GM Advisory Group LLC buying an additional 14,119 shares and owning a total of 104,477 shares worth over $3 million.
• The company recently declared a $0.20 quarterly dividend, with an annualized yield of 1.8%, reflecting a payout ratio of 31.01%.

Trexquant Investment LP acquired a new position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 6,755 shares of the bank's stock, valued at approximately $204,000. Trexquant Investment LP owned approximately 0.09% of Bankwell Financial Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BWFG. GAMMA Investing LLC grew its holdings 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 valued at $36,000 after purchasing an additional 1,051 shares during the period. Deutsche Bank AG acquired a new position in Bankwell Financial Group during the 4th quarter worth $104,000. Kestra Private Wealth Services LLC acquired a new stake in Bankwell Financial Group in the first quarter valued at approximately $217,000. Nuveen LLC purchased a new stake in shares of Bankwell Financial Group in the 1st quarter valued at approximately $244,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Bankwell Financial Group in the 4th quarter valued at $281,000. 35.80% of the stock is owned by hedge funds and other institutional investors.

Bankwell Financial Group Trading Up 2.1%

NASDAQ:BWFG traded up $0.94 on Friday, hitting $45.63. 63,523 shares of the stock were exchanged, compared to its average volume of 36,615. 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 fifty-two week low of $26.39 and a fifty-two week high of $46.63. The stock has a fifty day moving average of $40.27 and a 200-day moving average of $35.19. The stock has a market cap of $359.24 million, a PE ratio of 17.69 and a beta of 0.71.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its earnings results on Monday, July 28th. The bank reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $47.14 million during the quarter, compared to the consensus estimate of $24.20 million.

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Monday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Hovde Group boosted their price objective on shares of 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. Raymond James Financial assumed coverage on Bankwell Financial Group in a research note on Thursday, June 26th. They set a "market perform" rating for the company. Finally, Wall Street Zen downgraded shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $42.00.

Insider Activity at Bankwell Financial Group

In other news, Director Lawrence B. Seidman acquired 11,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average cost of $44.54 per share, for a total transaction of $489,940.00. Following the transaction, the director directly owned 187,397 shares in the company, valued at $8,346,662.38. This trade represents a 6.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd Lampert sold 3,300 shares of the stock in a transaction 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 transaction, the director directly owned 13,533 shares of the company's stock, valued at approximately $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 purchased 12,083 shares of company stock worth $535,913 and sold 9,688 shares worth $396,525. Insiders own 19.48% of the company's stock.

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.