Bankwell Financial Group, Inc. (NASDAQ:BWFG) Short Interest Down 9.4% in September

Bankwell Financial Group, Inc. (NASDAQ:BWFG) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 98,300 shares, a decrease of 9.4% from the September 15th total of 108,500 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 15,700 shares, the days-to-cover ratio is presently 6.3 days.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Bankwell Financial Group

In other news, EVP Christine Chivily sold 1,815 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the sale, the executive vice president now owns 14,449 shares in the company, valued at approximately $402,838.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Kevin D. Leitao bought 2,500 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $26.83 per share, for a total transaction of $67,075.00. Following the completion of the purchase, the director now directly owns 2,500 shares in the company, valued at approximately $67,075. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christine Chivily sold 1,815 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the transaction, the executive vice president now owns 14,449 shares of the company’s stock, valued at $402,838.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 2,691 shares of company stock worth $72,620 in the last ninety days. 19.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Bankwell Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWFG. BNP Paribas Financial Markets grew its holdings in shares of Bankwell Financial Group by 119.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock valued at $75,000 after acquiring an additional 1,582 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,449 shares in the last quarter. Bridge City Capital LLC increased its position in Bankwell Financial Group by 17.9% in the 1st quarter. Bridge City Capital LLC now owns 11,718 shares of the bank’s stock worth $304,000 after purchasing an additional 1,780 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Bankwell Financial Group by 7.6% during the 1st quarter. Empowered Funds LLC now owns 17,444 shares of the bank’s stock worth $452,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 valued at $724,000 after buying an additional 1,676 shares in the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Stock Performance

Shares of NASDAQ BWFG traded up $0.23 during midday trading on Wednesday, reaching $29.84. 16,234 shares of the company traded hands, compared to its average volume of 13,357. The stock has a 50-day moving average price of $28.81 and a 200 day moving average price of $26.13. The company has a market cap of $235.68 million, a price-to-earnings ratio of 7.76 and a beta of 0.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group has a 52 week low of $22.47 and a 52 week high of $31.09.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, July 24th. The bank reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The business had revenue of $48.36 million during the quarter.

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Monday, August 12th. Bankwell Financial Group’s payout ratio is presently 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.