LSV Asset Management Cuts Stock Holdings in Bankwell Financial Group, Inc. (NASDAQ:BWFG)

LSV Asset Management cut its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,446 shares of the bank’s stock after selling 2,500 shares during the period. LSV Asset Management owned about 1.65% of Bankwell Financial Group worth $3,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC grew its position in shares of Bankwell Financial Group by 134.6% during the third quarter. Pacific Ridge Capital Partners LLC now owns 105,324 shares of the bank’s stock worth $2,556,000 after buying an additional 60,433 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Bankwell Financial Group in the 3rd quarter valued at $365,000. Barclays PLC lifted its position in shares of Bankwell Financial Group by 16.1% during the 3rd quarter. Barclays PLC now owns 9,685 shares of the bank’s stock worth $235,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Carl P. Sherr & Co. LLC acquired a new position in shares of Bankwell Financial Group during the fourth quarter worth $241,000. 35.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their target price on shares of Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, January 30th.

Bankwell Financial Group Trading Down 0.1 %

NASDAQ:BWFG opened at $23.80 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $24.79 and its 200-day simple moving average is $26.42. Bankwell Financial Group, Inc. has a 12-month low of $21.60 and a 12-month high of $30.83. The firm has a market cap of $188.26 million, a P/E ratio of 6.20 and a beta of 0.80.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, May 9th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 20.83%.

Bankwell Financial Group Profile

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.