AJOVista LLC Makes New $67,000 Investment in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

AJOVista LLC bought a new stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,230 shares of the bank’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Carl P. Sherr & Co. LLC acquired a new stake in Bankwell Financial Group during the 4th quarter valued at $241,000. Barclays PLC boosted its stake in Bankwell Financial Group by 16.1% in the third quarter. Barclays PLC now owns 9,685 shares of the bank’s stock valued at $235,000 after acquiring an additional 1,344 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in Bankwell Financial Group during the 3rd quarter worth $365,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of Bankwell Financial Group by 134.6% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 105,324 shares of the bank’s stock valued at $2,556,000 after purchasing an additional 60,433 shares during the period. Finally, LSV Asset Management grew its stake in shares of Bankwell Financial Group by 9.6% during 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. 35.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Bankwell Financial Group Stock Up 0.5 %

Shares of BWFG traded up $0.11 on Friday, hitting $24.00. The company’s stock had a trading volume of 3,545 shares, compared to its average volume of 12,920. The firm’s fifty day moving average price is $24.86 and its 200-day moving average price is $26.42. Bankwell Financial Group, Inc. has a fifty-two week low of $21.22 and a fifty-two week high of $30.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $189.84 million, a price-to-earnings ratio of 6.25 and a beta of 0.80.

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors 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 dividend on an annualized basis and a dividend yield of 3.33%. Bankwell Financial Group’s payout ratio is 20.83%.

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.