LSV Asset Management Trims Holdings in Bankwell Financial Group, Inc. $BWFG

LSV Asset Management decreased its position in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 19.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,200 shares of the bank’s stock after selling 20,994 shares during the quarter. LSV Asset Management’s holdings in Bankwell Financial Group were worth $3,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BWFG. CWM LLC lifted its stake in Bankwell Financial Group by 71.8% during the 3rd quarter. CWM LLC now owns 1,041 shares of the bank’s stock valued at $46,000 after acquiring an additional 435 shares during the period. Tower Research Capital LLC TRC lifted its position in Bankwell Financial Group by 523.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after purchasing an additional 1,675 shares during the period. BNP Paribas Financial Markets lifted its position in Bankwell Financial Group by 38.8% during the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after purchasing an additional 314 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Bankwell Financial Group by 1.8% in the second quarter. Bridgeway Capital Management LLC now owns 47,079 shares of the bank’s stock valued at $1,696,000 after purchasing an additional 815 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Bankwell Financial Group during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 35.80% of the company’s stock.

Bankwell Financial Group Stock Performance

Shares of BWFG stock opened at $48.74 on Monday. The company has a market capitalization of $384.07 million, a P/E ratio of 10.98 and a beta of 0.70. The business’s 50 day moving average is $48.07 and its two-hundred day moving average is $45.01. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.49. Bankwell Financial Group, Inc. has a 12-month low of $26.39 and a 12-month high of $51.54.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Thursday, January 29th. The bank reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). Bankwell Financial Group had a return on equity of 12.40% and a net margin of 16.94%.The business had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 18.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BWFG shares. Hovde Group boosted their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price target on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bankwell Financial Group in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Insiders Place Their Bets

In related news, insider Matt Mcneill sold 3,794 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $49.83, for a total value of $189,055.02. Following the transaction, the insider directly owned 45,019 shares of the company’s stock, valued at approximately $2,243,296.77. This trade represents a 7.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christine Chivily sold 1,985 shares of Bankwell Financial Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $49.80, for a total value of $98,853.00. Following the completion of the sale, the executive vice president owned 16,186 shares in the company, valued at approximately $806,062.80. The trade was a 10.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 3,808 shares of company stock valued at $182,188 and have sold 11,897 shares valued at $592,523. 19.48% of the stock is owned by company insiders.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

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.