LSV Asset Management Sells 20,994 Shares of Bankwell Financial Group, Inc. $BWFG

LSV Asset Management lessened its stake in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 19.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,200 shares of the bank’s stock after selling 20,994 shares during the period. LSV Asset Management owned about 1.08% of Bankwell Financial Group worth $3,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWFG. Ameritas Investment Partners Inc. raised its position in Bankwell Financial Group by 70.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank’s stock valued at $26,000 after purchasing an additional 299 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Bankwell Financial Group by 38.8% during the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after buying an additional 314 shares during the period. CWM LLC raised its holdings in shares of Bankwell Financial Group by 71.8% in the third quarter. CWM LLC now owns 1,041 shares of the bank’s stock valued at $46,000 after acquiring an additional 435 shares in the last quarter. GM Advisory Group LLC lifted its stake in Bankwell Financial Group by 0.6% in the second quarter. GM Advisory Group LLC now owns 105,066 shares of the bank’s stock worth $3,786,000 after acquiring an additional 589 shares during the period. Finally, Empowered Funds LLC grew its holdings in Bankwell Financial Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock worth $642,000 after acquiring an additional 702 shares in the last quarter. Institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Price Performance

Shares of BWFG opened at $48.74 on Monday. The company has a 50 day moving average of $48.07 and a two-hundred day moving average of $45.01. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.49. Bankwell Financial Group, Inc. has a twelve month low of $26.39 and a twelve month high of $51.54. The company has a market cap of $384.07 million, a price-to-earnings ratio of 10.98 and a beta of 0.70.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). The business had revenue of $30.32 million for the quarter, compared to analysts’ expectations of $28.06 million. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.40%.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. Bankwell Financial Group’s payout ratio is presently 18.02%.

Analyst Upgrades and Downgrades

BWFG has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Hovde Group upped their target price on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods increased their target price on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Activity

In related news, CEO Christopher R. Gruseke sold 5,056 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $49.79, for a total value of $251,738.24. Following the completion of the sale, the chief executive officer directly owned 172,147 shares in the company, valued at $8,571,199.13. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matt Mcneill sold 3,794 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $49.83, for a total transaction of $189,055.02. Following the transaction, the insider owned 45,019 shares in the company, valued at $2,243,296.77. The trade was a 7.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 3,808 shares of company stock valued at $182,188 and have sold 11,897 shares valued at $592,523. 19.48% of the stock is owned by insiders.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.