Summit Trail Advisors LLC Reduces Position in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Summit Trail Advisors LLC trimmed its holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,218 shares of the bank’s stock after selling 10,400 shares during the quarter. Summit Trail Advisors LLC owned approximately 0.46% of Bankwell Financial Group worth $1,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWFG. LSV Asset Management increased its stake in Bankwell Financial Group by 9.6% in the third quarter. LSV Asset Management now owns 131,946 shares of the bank’s stock worth $3,202,000 after purchasing an additional 11,592 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in Bankwell Financial Group by 134.6% in the third quarter. Pacific Ridge Capital Partners LLC now owns 105,324 shares of the bank’s stock worth $2,556,000 after purchasing an additional 60,433 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in shares of Bankwell Financial Group in the 3rd quarter valued at about $365,000. Barclays PLC increased its holdings in Bankwell Financial Group by 16.1% during the third quarter. Barclays PLC now owns 9,685 shares of the bank’s stock valued at $235,000 after buying an additional 1,344 shares during the period. Finally, Carl P. Sherr & Co. LLC purchased a new stake in shares of Bankwell Financial Group during the 4th quarter worth $241,000. 35.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their target price on shares of Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, January 30th.

Bankwell Financial Group Stock Down 0.1 %

Shares of BWFG stock traded down $0.03 during trading hours on Monday, reaching $23.97. 9,362 shares of the company’s stock were exchanged, compared to its average volume of 12,100. The stock’s 50 day moving average is $24.86 and its 200-day moving average is $26.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. Bankwell Financial Group, Inc. has a fifty-two week low of $21.60 and a fifty-two week high of $30.83. The company has a market cap of $189.60 million, a price-to-earnings ratio of 6.25 and a beta of 0.80.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.34%. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 20.83%.

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.