Fourthstone LLC Invests $776,000 in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Fourthstone LLC bought a new stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) during the third quarter, Holdings Channel reports. The firm bought 25,912 shares of the bank’s stock, valued at approximately $776,000.

Several other institutional investors have also recently bought and sold shares of BWFG. Vanguard Group Inc. increased its stake in shares of Bankwell Financial Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock worth $8,541,000 after purchasing an additional 1,933 shares during the period. Dimensional Fund Advisors LP boosted its stake in Bankwell Financial Group by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock valued at $7,100,000 after purchasing an additional 755 shares during the period. GM Advisory Group LLC grew its holdings in Bankwell Financial Group by 0.7% in the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock valued at $2,690,000 after buying an additional 653 shares during the last quarter. Bank of New York Mellon Corp increased its position in Bankwell Financial Group by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock worth $724,000 after buying an additional 1,676 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after buying an additional 938 shares during the last quarter. Institutional investors own 35.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $34.00 price objective on shares of Bankwell Financial Group in a research note on Wednesday, October 16th.

Bankwell Financial Group Stock Performance

Shares of BWFG traded down $0.64 during trading hours on Thursday, reaching $33.50. 9,543 shares of the company traded hands, compared to its average volume of 13,847. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $30.29 and its 200 day moving average is $27.51. Bankwell Financial Group, Inc. has a 1-year low of $22.47 and a 1-year high of $35.25. The stock has a market cap of $263.28 million, a P/E ratio of 17.18 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The firm had revenue of $49.35 million during the quarter.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.39%. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 41.03%.

About Bankwell Financial Group

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.