2 weeks Ago By ABMN Staff
Renaissance Technologies LLC lowered its position in Bankwell Financial Group, Inc. ( NASDAQ:BWFG – Free Report ) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 150,248 shares of the bank’s stock after selling 7,255 shares during the quarter. Renaissance Technologies LLC owned 1.91% of Bankwell Financial Group worth $4,680,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of BWFG. JPMorgan Chase & Co. lifted its stake in shares of Bankwell Financial Group by 164.
5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after purchasing an additional 7,238 shares in the last quarter.
Wells Fargo & Company MN increased its position in shares of Bankwell Financial Group by 9.4% during the fourth quarter. Wells Fargo & Company MN now owns 11,338 shares of the bank’s stock worth $353,000 after acquiring an additional 975 shares during the last quarter.
Barclays PLC boosted its holdings in Bankwell Financial Group by 47.7% in the third 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 purchased a new stake in Bankwell Financial Group during the 4th quarter worth approximately $624,000. Finally, Empowered Funds LLC raised its position in shares of Bankwell Financial Group by 4.7% in the 4th quarter.
Empowered Funds LLC now owns 20,560 shares of the bank’s stock valued at $640,000 after purchasing an additional 918 shares in the last quarter. 35.80% of the stock is currently owned by hedge funds and other institutional investors.
Bankwell Financial Group Trading Down 1.2 % NASDAQ BWFG opened at $28.95 on Tuesday.
The company has a market capitalization of $228.39 million, a price-to-earnings ratio of 24.53 and a beta of 0.
60. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.
06 and a quick ratio of 1.06. Bankwell Financial Group, Inc.
has a 12 month low of $22.70 and a 12 month high of $35.25.
The company’s fifty day moving average price is $29.87 and its two-hundred day moving average price is $30.54.
Bankwell Financial Group Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a $0.20 dividend.
This represents a $0.80 annualized dividend and a yield of 2.76%.
The ex-dividend date was Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is 67.80%.
Insider Transactions at Bankwell Financial Group In other news, EVP Christine Chivily sold 942 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 16,047 shares of the company’s stock, valued at approximately $523,613.61.
This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
Also, Director Kevin D. Leitao bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $30.
38 per share, for a total transaction of $60,760.00. Following the acquisition, the director now owns 4,500 shares of the company’s stock, valued at $136,710.
This represents a 80.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Over the last three months, insiders acquired 2,970 shares of company stock worth $90,136 and sold 6,147 shares worth $193,975. Insiders own 19.20% of the company’s stock.
About Bankwell Financial Group ( 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.
Further Reading Want to see what other hedge funds are holding BWFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bankwell Financial Group, Inc. ( NASDAQ:BWFG – Free Report ).
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