Bankwell Financial Group, Inc. (NASDAQ:BWFG) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) by 60.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,312 shares of the bank's stock after purchasing an additional 13,733 shares during the period. Kennedy Capital Management LLC owned 0.46% of Bankwell Financial Group worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BWFG. BNP Paribas Financial Markets lifted its position in Bankwell Financial Group by 60.9% during the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank's stock valued at $57,000 after purchasing an additional 715 shares during the last quarter. State Street Corp grew its holdings in shares of 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 during the last quarter. Barclays PLC grew its stake in Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank's stock worth $623,000 after acquiring an additional 6,710 shares in the last quarter. Geode Capital Management LLC grew its stake in Bankwell Financial Group by 3.8% in the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock worth $4,413,000 after purchasing an additional 5,438 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Bankwell Financial Group by 164.5% during the third 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 during the period. Hedge funds and other institutional investors own 35.80% of the company's stock.

Insider Transactions at Bankwell Financial Group

In other news, EVP Steven H. Brunner sold 2,198 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.69, for a total value of $67,456.62. Following the completion of the sale, the executive vice president now owns 604 shares of the company's stock, valued at $18,536.76. This trade represents a 78.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin D. Leitao bought 2,000 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $30.38 per share, for a total transaction of $60,760.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at $136,710. The trade was a 80.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,970 shares of company stock valued at $90,136 and have sold 6,147 shares valued at $193,975. Insiders own 19.20% of the company's stock.

Bankwell Financial Group Stock Up 0.9 %

Shares of NASDAQ:BWFG traded up $0.26 during trading hours on Friday, hitting $29.30. The company's stock had a trading volume of 7,666 shares, compared to its average volume of 14,474. The company has a market capitalization of $231.15 million, a price-to-earnings ratio of 24.83 and a beta of 0.60. Bankwell Financial Group, Inc. has a 52 week low of $22.70 and a 52 week high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The firm's fifty day moving average price is $29.91 and its 200 day moving average price is $30.54.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). 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 declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Tuesday, February 11th. Bankwell Financial Group's dividend payout ratio is currently 67.80%.

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.