Macquarie Group Ltd. Invests $260,000 in Bankwell Financial Group Inc (BWFG)
Macquarie Group Ltd. purchased a new position in Bankwell Financial Group Inc (NASDAQ:BWFG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,042 shares of the bank’s stock, valued at approximately $260,000. Macquarie Group Ltd. owned about 0.09% of Bankwell Financial Group at the end of the most recent quarter.
Several other large investors also recently modified their holdings of BWFG. Bank of New York Mellon Corp increased its stake in shares of Bankwell Financial Group by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 29,512 shares of the bank’s stock worth $922,000 after buying an additional 1,892 shares during the last quarter. Seidman Lawrence B increased its stake in shares of Bankwell Financial Group by 35.3% in the second quarter. Seidman Lawrence B now owns 184,170 shares of the bank’s stock worth $5,752,000 after buying an additional 48,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Bankwell Financial Group by 3.9% in the second quarter. Wells Fargo & Company MN now owns 3,982 shares of the bank’s stock worth $124,000 after buying an additional 151 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Bankwell Financial Group by 15.6% in the second quarter. Teachers Advisors LLC now owns 10,298 shares of the bank’s stock worth $322,000 after purchasing an additional 1,386 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Bankwell Financial Group by 3.2% in the second quarter. TIAA CREF Investment Management LLC now owns 16,636 shares of the bank’s stock worth $520,000 after purchasing an additional 515 shares during the period. Institutional investors and hedge funds own 48.50% of the company’s stock.
In other Bankwell Financial Group news, Director James A. Fieber sold 10,000 shares of Bankwell Financial Group stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $37.45, for a total value of $374,500.00. Following the completion of the transaction, the director now owns 138,684 shares of the company’s stock, valued at $5,193,715.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Blake S. Drexler sold 3,500 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $37.13, for a total transaction of $129,955.00. Following the transaction, the director now directly owns 138,684 shares of the company’s stock, valued at approximately $5,149,336.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,750 shares of company stock valued at $580,798. 22.37% of the stock is currently owned by corporate insiders.
Bankwell Financial Group Inc (NASDAQ BWFG) opened at $35.16 on Tuesday. The company has a market cap of $270.26, a price-to-earnings ratio of 17.96 and a beta of 0.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. Bankwell Financial Group Inc has a 1-year low of $28.79 and a 1-year high of $38.50.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 16th. Bankwell Financial Group’s dividend payout ratio is presently 14.36%.
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Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.
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