BidaskClub lowered shares of Bankwell Financial Group (NASDAQ:BWFG) from a hold rating to a sell rating in a report issued on Wednesday.

Separately, ValuEngine cut Bankwell Financial Group from a buy rating to a hold rating in a report on Tuesday, November 14th.

Bankwell Financial Group (NASDAQ:BWFG) opened at $34.14 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. Bankwell Financial Group has a twelve month low of $28.79 and a twelve month high of $38.50. The stock has a market capitalization of $263.93, a PE ratio of 17.51 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.28 annualized dividend and a yield of 0.82%. Bankwell Financial Group’s dividend payout ratio is currently 14.36%.

In other news, Director Blake S. Drexler acquired 1,128 shares of the company’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $36.59 per share, with a total value of $41,273.52. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Blake S. Drexler sold 3,500 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $37.13, for a total value of $129,955.00. Following the sale, the director now directly owns 138,684 shares of the company’s stock, valued at $5,149,336.92. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Banc Funds Co. LLC raised its holdings in Bankwell Financial Group by 9.3% during the 2nd quarter. Banc Funds Co. LLC now owns 412,094 shares of the bank’s stock worth $12,870,000 after purchasing an additional 35,000 shares during the last quarter. Seidman Lawrence B grew its position in shares of Bankwell Financial Group by 35.3% during the 2nd quarter. Seidman Lawrence B now owns 184,170 shares of the bank’s stock worth $5,752,000 after buying an additional 48,000 shares during the period. Vanguard Group Inc. grew its position in shares of Bankwell Financial Group by 19.9% during the 2nd quarter. Vanguard Group Inc. now owns 176,883 shares of the bank’s stock worth $5,524,000 after buying an additional 29,324 shares during the period. State Street Corp grew its position in shares of Bankwell Financial Group by 4.0% during the 2nd quarter. State Street Corp now owns 85,468 shares of the bank’s stock worth $2,666,000 after buying an additional 3,305 shares during the period. Finally, Wasatch Advisors Inc. grew its position in shares of Bankwell Financial Group by 29.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 80,189 shares of the bank’s stock worth $2,962,000 after buying an additional 18,371 shares during the period. 48.50% of the stock is owned by hedge funds and other institutional investors.

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Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.

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