JPMorgan Chase & Co. Purchases 11,952 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

JPMorgan Chase & Co. grew its holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) by 102.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,590 shares of the bank's stock after buying an additional 11,952 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of Bankwell Financial Group worth $735,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Bankwell Financial Group by 0.6% in the third quarter. State Street Corp now owns 78,017 shares of the bank's stock worth $2,337,000 after purchasing an additional 500 shares in the last quarter. Barclays PLC lifted its holdings in shares of Bankwell Financial Group by 47.7% during the third quarter. Barclays PLC now owns 20,781 shares of the bank's stock valued at $623,000 after purchasing an additional 6,710 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 5,438 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Bankwell Financial Group in the 4th quarter worth about $624,000. Finally, Empowered Funds LLC increased its holdings in Bankwell Financial Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 20,560 shares of the bank's stock worth $640,000 after buying an additional 918 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors.

Bankwell Financial Group Price Performance

NASDAQ:BWFG traded up $1.00 during trading hours on Monday, hitting $34.50. 10,880 shares of the stock traded hands, compared to its average volume of 14,499. The stock has a 50 day moving average price of $30.13 and a 200 day moving average price of $30.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a market cap of $272.16 million, a price-to-earnings ratio of 29.00 and a beta of 0.66. Bankwell Financial Group, Inc. has a 1 year low of $22.80 and a 1 year high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%. The business had revenue of $23.57 million for the quarter, compared to analysts' expectations of $22.63 million.

Bankwell Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, May 9th. Bankwell Financial Group's dividend payout ratio (DPR) is presently 50.96%.

Insider Buying and Selling

In other Bankwell Financial Group news, insider Matt Mcneill sold 1,908 shares of the firm's 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 owns 40,353 shares in the company, valued at $1,308,647.79. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric J. Dale purchased 875 shares of Bankwell Financial Group stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $30.42 per share, for a total transaction of $26,617.50. Following the transaction, the director now directly owns 38,682 shares of the company's stock, valued at $1,176,706.44. The trade was a 2.31 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 4,556 shares of company stock worth $147,226. 19.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BWFG shares. Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, April 28th. StockNews.com upgraded Bankwell Financial Group from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

About Bankwell Financial Group

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.