GM Advisory Group LLC Has $2.82 Million Position in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

GM Advisory Group LLC boosted its position in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,358 shares of the bank’s stock after purchasing an additional 551 shares during the period. GM Advisory Group LLC owned 1.15% of Bankwell Financial Group worth $2,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Bankwell Financial Group by 35.4% in the 4th quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock worth $943,000 after purchasing an additional 7,908 shares in the last quarter. 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 purchasing an additional 918 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Bankwell Financial Group in the 4th quarter worth about $624,000. JPMorgan Chase & Co. increased its holdings in Bankwell Financial Group by 164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after purchasing an additional 7,238 shares in the last quarter. Finally, Barclays PLC increased 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 valued at $623,000 after buying an additional 6,710 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Insider Activity at Bankwell Financial Group

In related news, EVP Steven H. Brunner sold 2,198 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.69, for a total transaction of $67,456.62. Following the sale, the executive vice president now owns 604 shares in the company, valued at $18,536.76. This represents a 78.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin D. Leitao bought 2,000 shares of the business’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 transaction, the director now owns 4,500 shares in the company, valued at $136,710. This represents 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 acquired 2,970 shares of company stock worth $90,136 and have sold 6,147 shares worth $193,975. 19.20% of the stock is owned by corporate insiders.

Bankwell Financial Group Trading Down 0.8 %

Shares of BWFG stock opened at $29.38 on Wednesday. The stock has a market cap of $232.31 million, a price-to-earnings ratio of 24.90 and a beta of 0.95. The stock has a 50-day moving average of $30.43 and a 200-day moving average of $30.61. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a 1-year low of $22.47 and a 1-year high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. Bankwell Financial Group’s payout ratio is 67.80%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price target on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

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.