Bankwell Financial Group Inc (BWFG) Shares Bought by Strs Ohio
Strs Ohio grew its position in shares of Bankwell Financial Group Inc (NASDAQ:BWFG) by 62.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,700 shares of the bank’s stock after acquiring an additional 1,800 shares during the quarter. Strs Ohio’s holdings in Bankwell Financial Group were worth $151,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. LSV Asset Management acquired a new stake in shares of Bankwell Financial Group in the first quarter valued at about $133,000. FNY Investment Advisers LLC acquired a new stake in shares of Bankwell Financial Group in the second quarter valued at about $225,000. Mackay Shields LLC acquired a new stake in shares of Bankwell Financial Group in the first quarter valued at about $289,000. Millennium Management LLC grew its stake in shares of Bankwell Financial Group by 17.1% in the first quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock valued at $748,000 after buying an additional 3,387 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Bankwell Financial Group by 47.9% in the first quarter. Dimensional Fund Advisors LP now owns 47,992 shares of the bank’s stock valued at $1,549,000 after buying an additional 15,543 shares in the last quarter. Institutional investors own 48.17% of the company’s stock.
In other Bankwell Financial Group news, EVP Laura Waitz sold 1,265 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $31.30, for a total transaction of $39,594.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 2,554 shares of company stock valued at $80,206. 21.87% of the stock is owned by insiders.
Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Thursday, July 26th. The bank reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Bankwell Financial Group had a net margin of 19.62% and a return on equity of 10.79%. The company had revenue of $15.02 million during the quarter, compared to analyst estimates of $14.85 million. equities analysts predict that Bankwell Financial Group Inc will post 2.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Shareholders of record on Friday, August 17th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 23.65%.
A number of equities research analysts have recently issued reports on BWFG shares. BidaskClub lowered Bankwell Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Boenning Scattergood set a $37.00 target price on Bankwell Financial Group and gave the company a “buy” rating in a research note on Monday, July 16th. ValuEngine lowered Bankwell Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Piper Jaffray Companies started coverage on Bankwell Financial Group in a research note on Friday, June 8th. They issued a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 target price on shares of Bankwell Financial Group in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Bankwell Financial Group currently has an average rating of “Hold” and an average price target of $35.67.
Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit.
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