Bank of New York Mellon Corp Has $943,000 Holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

Bank of New York Mellon Corp grew its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 35.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,262 shares of the bank’s stock after acquiring an additional 7,908 shares during the period. Bank of New York Mellon Corp’s holdings in Bankwell Financial Group were worth $943,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after purchasing an additional 7,238 shares in the last quarter. Barclays PLC lifted its stake in shares of Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after purchasing an additional 6,710 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Bankwell Financial Group in the fourth quarter worth $624,000. Finally, Empowered Funds LLC increased its position in Bankwell Financial Group by 4.7% during the fourth quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock worth $640,000 after buying an additional 918 shares during the last quarter. Institutional investors own 35.80% of the company’s stock.

Insider Activity

In other news, EVP Christine Chivily sold 942 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.63, for a total value of $30,737.46. Following the sale, the executive vice president now owns 16,047 shares in the company, valued at approximately $523,613.61. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Eric J. Dale bought 875 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $30.42 per share, for a total transaction of $26,617.50. Following the transaction, the director now directly owns 38,682 shares of the company’s stock, valued at $1,176,706.44. This trade represents a 2.31 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,970 shares of company stock valued at $90,136 and have sold 6,147 shares valued at $193,975. 19.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

Bankwell Financial Group Stock Down 1.6 %

BWFG opened at $30.14 on Wednesday. The firm has a market cap of $238.32 million, a P/E ratio of 25.54 and a beta of 0.95. 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 business has a 50 day moving average price of $30.59 and a 200 day moving average price of $30.64. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is 67.80%.

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.