Bankwell Financial Group, Inc. (NASDAQ:BWFG) Sees Large Increase in Short Interest

Bankwell Financial Group, Inc. (NASDAQ:BWFGGet Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 105,100 shares, a growth of 5.1% from the February 29th total of 100,000 shares. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 8.3 days. Approximately 1.8% of the shares of the stock are sold short.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG traded down $0.05 on Wednesday, reaching $25.21. The company’s stock had a trading volume of 552 shares, compared to its average volume of 11,923. The company has a 50-day simple moving average of $26.00 and a 200 day simple moving average of $26.47. Bankwell Financial Group has a 52-week low of $21.22 and a 52-week high of $30.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $200.17 million, a P/E ratio of 5.39 and a beta of 0.78.

Bankwell Financial Group (NASDAQ:BWFGGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $23.37 million for the quarter. Bankwell Financial Group had a return on equity of 14.45% and a net margin of 18.97%.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 13th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Monday, February 12th. Bankwell Financial Group’s dividend payout ratio is currently 17.06%.

Hedge Funds Weigh In On Bankwell Financial Group

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Bankwell Financial Group by 7.8% during the first quarter. JPMorgan Chase & Co. now owns 6,383 shares of the bank’s stock valued at $216,000 after buying an additional 460 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Bankwell Financial Group by 29.1% in the 1st quarter. American Century Companies Inc. now owns 19,707 shares of the bank’s stock valued at $667,000 after purchasing an additional 4,443 shares in the last quarter. US Bancorp DE lifted its position in shares of Bankwell Financial Group by 15.6% in the 1st quarter. US Bancorp DE now owns 2,219 shares of the bank’s stock worth $75,000 after purchasing an additional 300 shares during the period. Citigroup Inc. bought a new position in shares of Bankwell Financial Group during the first quarter valued at approximately $243,000. Finally, LSV Asset Management raised its stake in Bankwell Financial Group by 143.7% in the first quarter. LSV Asset Management now owns 46,763 shares of the bank’s stock worth $1,582,000 after buying an additional 27,576 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price objective on Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 30th.

Check Out Our Latest Report on BWFG

About Bankwell Financial Group

(Get Free Report)

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.

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