New York State Common Retirement Fund decreased its position in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,900 shares of the bank’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Bankwell Financial Group worth $184,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BWFG. Wells Fargo & Company MN lifted its holdings in Bankwell Financial Group by 3.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,982 shares of the bank’s stock worth $124,000 after purchasing an additional 151 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Bankwell Financial Group by 15.6% in the 2nd quarter. Teachers Advisors LLC now owns 10,298 shares of the bank’s stock worth $322,000 after purchasing an additional 1,386 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Bankwell Financial Group by 3.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 16,636 shares of the bank’s stock worth $520,000 after purchasing an additional 515 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Bankwell Financial Group by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,512 shares of the bank’s stock worth $922,000 after purchasing an additional 1,892 shares during the last quarter. Finally, Context BH Capital Management LP lifted its holdings in Bankwell Financial Group by 1.0% in the 2nd quarter. Context BH Capital Management LP now owns 29,845 shares of the bank’s stock worth $932,000 after purchasing an additional 298 shares during the last quarter. 48.50% of the stock is owned by institutional investors and hedge funds.

In other news, Director Todd Lampert sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $33.93, for a total transaction of $76,342.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Blake S. Drexler purchased 1,128 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $36.59 per share, with a total value of $41,273.52. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 16,968 shares of company stock valued at $624,365. Corporate insiders own 22.37% of the company’s stock.

Separately, ValuEngine lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.

Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) opened at $33.83 on Friday. Bankwell Financial Group, Inc. has a 1-year low of $27.41 and a 1-year high of $38.50. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $263.01, a P/E ratio of 17.48 and a beta of 0.56.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.28 annualized dividend and a yield of 0.83%. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 14.36%.

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Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.

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Institutional Ownership by Quarter for Bankwell Financial Group (NASDAQ:BWFG)

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