Bankwell Financial Group, Inc. (NASDAQ:BWFG) Short Interest Update

Bankwell Financial Group, Inc. (NASDAQ:BWFG) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 93,900 shares, a decrease of 10.7% from the March 15th total of 105,100 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 8.0 days.

Bankwell Financial Group Stock Down 1.6 %

BWFG stock opened at $24.09 on Monday. 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 company’s 50 day moving average is $25.35 and its 200 day moving average is $26.48. The stock has a market cap of $191.27 million, a price-to-earnings ratio of 5.14 and a beta of 0.78. Bankwell Financial Group has a 1-year low of $21.22 and a 1-year high of $30.83.

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

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Monday, February 12th. Bankwell Financial Group’s payout ratio is currently 17.06%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their price target 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BWFG. BNP Paribas Arbitrage SA bought a new position in Bankwell Financial Group during the second quarter valued at approximately $39,000. Citigroup Inc. grew its holdings in shares of Bankwell Financial Group by 8,890.9% in the second quarter. Citigroup Inc. now owns 1,978 shares of the bank’s stock worth $48,000 after purchasing an additional 1,956 shares during the last quarter. AJOVista LLC bought a new position in shares of Bankwell Financial Group in the fourth quarter worth approximately $67,000. US Bancorp DE grew its holdings in shares of Bankwell Financial Group by 15.6% in the first 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 last quarter. Finally, American International Group Inc. bought a new position in shares of Bankwell Financial Group in the second quarter worth approximately $82,000. 35.80% of the stock is currently owned by institutional investors.

Bankwell Financial Group Company 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.