Renaissance Technologies LLC decreased its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG – Free Report) by 7.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,548 shares of the bank’s stock after selling 8,607 shares during the period. Renaissance Technologies LLC owned approximately 1.35% of Bankwell Financial Group worth $5,218,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in BWFG. Sei Investments Co. raised its holdings in Bankwell Financial Group by 111.4% during the 1st quarter. Sei Investments Co. now owns 41,342 shares of the bank’s stock valued at $2,006,000 after buying an additional 21,786 shares during the last quarter. Nuveen LLC boosted its position in Bankwell Financial Group by 73.6% during the 4th quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock valued at $1,960,000 after acquiring an additional 18,130 shares in the last quarter. Focus Partners Wealth bought a new position in Bankwell Financial Group in the third quarter worth $759,000. Two Sigma Investments LP purchased a new stake in shares of Bankwell Financial Group in the 3rd quarter worth about $695,000. Finally, Trexquant Investment LP grew its holdings in Bankwell Financial Group by 57.4% in the fourth quarter. Trexquant Investment LP now owns 39,486 shares of the bank’s stock worth $1,809,000 after purchasing an additional 14,407 shares during the period. 35.80% of the stock is currently owned by institutional investors.
Insider Transactions at Bankwell Financial Group
In other Bankwell Financial Group news, Director Todd Lampert sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $53.59, for a total value of $187,565.00. Following the sale, the director owned 12,366 shares in the company, valued at approximately $662,693.94. This represents a 22.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric J. Dale bought 588 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $53.70 per share, for a total transaction of $31,575.60. Following the completion of the transaction, the director directly owned 42,496 shares in the company, valued at approximately $2,282,035.20. This trade represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 7,156 shares of company stock worth $370,525 and have sold 6,834 shares worth $401,089. 20.98% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Bankwell Financial Group
Bankwell Financial Group Stock Performance
Shares of Bankwell Financial Group stock opened at $67.22 on Thursday. The company has a market capitalization of $535.95 million, a PE ratio of 12.56 and a beta of 0.59. Bankwell Financial Group, Inc. has a 52 week low of $38.89 and a 52 week high of $69.59. The stock’s fifty day moving average is $58.62 and its two-hundred day moving average is $52.70. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42.
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) last issued its earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. The business had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $30.63 million. Bankwell Financial Group had a return on equity of 14.19% and a net margin of 19.80%. As a group, analysts expect that Bankwell Financial Group, Inc. will post 5.7 earnings per share for the current year.
Bankwell Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Monday, August 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, August 10th. Bankwell Financial Group’s payout ratio is presently 14.95%.
Bankwell Financial Group Profile
Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.
The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.
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