Northeast Financial Consultants Inc Buys New Stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Northeast Financial Consultants Inc purchased a new stake in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 21,903 shares of the bank's stock, valued at approximately $682,000. Northeast Financial Consultants Inc owned 0.28% of Bankwell Financial Group at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Bankwell Financial Group by 655.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank's stock valued at $49,000 after buying an additional 1,357 shares during the period. Deutsche Bank AG bought a new position in shares of Bankwell Financial Group during the 4th quarter valued at $104,000. Wells Fargo & Company MN lifted its holdings in shares of Bankwell Financial Group by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 11,338 shares of the bank's stock valued at $353,000 after buying an additional 975 shares during the period. JPMorgan Chase & Co. lifted 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 during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Bankwell Financial Group by 20.0% during the 4th quarter. Bank of America Corp DE now owns 11,834 shares of the bank's stock valued at $369,000 after buying an additional 1,969 shares during the period. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Steven H. Brunner sold 807 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $33.36, for a total value of $26,921.52. Following the completion of the sale, the executive vice president now directly owns 1,548 shares in the company, valued at $51,641.28. This trade represents a 34.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric J. Dale bought 875 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $30.42 per share, with a total value of $26,617.50. Following the completion of the purchase, the director now owns 38,682 shares of the company's stock, valued at $1,176,706.44. This represents a 2.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.48% of the stock is currently owned by corporate insiders.

Bankwell Financial Group Price Performance

BWFG stock traded down $0.28 during trading on Friday, reaching $35.45. The company's stock had a trading volume of 19,026 shares, compared to its average volume of 14,810. Bankwell Financial Group, Inc. has a 1 year low of $22.80 and a 1 year high of $36.00. 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 capitalization of $279.10 million, a P/E ratio of 30.04 and a beta of 0.66. The company's fifty day moving average is $30.99 and its 200-day moving average is $31.10.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%. The business had revenue of $23.57 million during the quarter, compared to the consensus estimate 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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, May 9th. Bankwell Financial Group's dividend payout ratio (DPR) is presently 50.96%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BWFG. StockNews.com upgraded Bankwell Financial Group from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods upped their price objective on Bankwell Financial Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th.

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.