Fourthstone LLC Grows Holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Fourthstone LLC raised its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) by 307.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,585 shares of the bank's stock after acquiring an additional 79,673 shares during the period. Bankwell Financial Group makes up approximately 0.6% of Fourthstone LLC's investment portfolio, making the stock its 29th largest position. Fourthstone LLC owned about 1.34% of Bankwell Financial Group worth $3,289,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC increased its stake in shares of Bankwell Financial Group by 30.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock worth $5,438,000 after purchasing an additional 40,458 shares in the last quarter. Barclays PLC grew its stake in shares of Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank's stock worth $623,000 after purchasing an additional 6,710 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank's stock valued at $349,000 after buying an additional 7,238 shares in the last quarter. Kennedy Capital Management LLC raised its stake in Bankwell Financial Group by 60.8% during the 4th quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank's stock valued at $1,131,000 after buying an additional 13,733 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Bankwell Financial Group by 3.8% during the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock valued at $4,413,000 after purchasing an additional 5,438 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Bankwell Financial Group Price Performance

Shares of BWFG traded up $0.32 during mid-day trading on Tuesday, hitting $29.62. 9,866 shares of the stock were exchanged, compared to its average volume of 14,400. The firm has a 50-day moving average of $29.87 and a two-hundred day moving average of $30.54. 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, Inc. has a 52-week low of $22.70 and a 52-week high of $35.25. The company has a market cap of $233.70 million, a PE ratio of 25.10 and a beta of 0.60.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.33). 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 announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. Bankwell Financial Group's payout ratio is 67.80%.

Insider Buying and Selling at Bankwell Financial Group

In other Bankwell Financial Group news, Director Eric J. Dale bought 875 shares of the business's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $30.42 per share, with a total value of $26,617.50. Following the purchase, the director now directly owns 38,682 shares of the company's stock, valued at approximately $1,176,706.44. The trade was a 2.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Matt Mcneill sold 1,908 shares of Bankwell Financial Group stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.43, for a total transaction of $61,876.44. Following the completion of the transaction, the insider now directly owns 40,353 shares in the company, valued at approximately $1,308,647.79. This trade represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,970 shares of company stock worth $90,136 and sold 6,147 shares worth $193,975. 19.20% of the stock is owned by company insiders.

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.