Summit Trail Advisors LLC Sells 2,123 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Summit Trail Advisors LLC lowered its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,035 shares of the bank’s stock after selling 2,123 shares during the quarter. Summit Trail Advisors LLC owned about 0.36% of Bankwell Financial Group worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after acquiring an additional 1,449 shares during the period. Empowered Funds LLC increased its stake in shares of Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after purchasing an additional 938 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Bankwell Financial Group by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after purchasing an additional 1,676 shares during the period. GM Advisory Group LLC lifted its stake in shares of Bankwell Financial Group by 7.7% during the 2nd quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock valued at $2,262,000 after buying an additional 6,341 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Bankwell Financial Group by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock worth $7,100,000 after buying an additional 755 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bankwell Financial Group news, EVP Christine Chivily sold 1,815 shares of Bankwell Financial Group stock in a transaction that occurred on Wednesday, August 28th. The stock was 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 of the company’s stock, valued at $402,838.12. The trade was a 11.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 19.20% of the stock is owned by company insiders.

Bankwell Financial Group Trading Up 4.0 %

BWFG stock opened at $34.54 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a 1-year low of $22.47 and a 1-year high of $34.79. The business has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $27.32. The company has a market capitalization of $271.48 million, a price-to-earnings ratio of 17.03 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.32. The firm had revenue of $49.35 million during the quarter. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.32%. Bankwell Financial Group’s dividend payout ratio (DPR) is 41.03%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $34.00 price target on shares of Bankwell Financial Group in a report on Wednesday, October 16th.

Bankwell Financial Group 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.