SeaCrest Wealth Management LLC acquired a new position in shares of Bankwell Financial Group Inc (NASDAQ:BWFG) during the fourth quarter, HoldingsChannel reports. The fund acquired 11,241 shares of the bank’s stock, valued at approximately $386,000.
Several other hedge funds also recently added to or reduced their stakes in BWFG. Wells Fargo & Company MN boosted its position in shares of Bankwell Financial Group by 3.9% during 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 in the last quarter. Rhumbline Advisers bought a new position in Bankwell Financial Group in the 3rd quarter valued at about $223,000. Citigroup Inc. lifted its position in Bankwell Financial Group by 13.6% in the 2nd quarter. Citigroup Inc. now owns 7,535 shares of the bank’s stock valued at $235,000 after acquiring an additional 901 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Bankwell Financial Group in the 2nd quarter valued at about $258,000. Finally, Macquarie Group Ltd. bought a new position in Bankwell Financial Group in the 3rd quarter valued at about $260,000. 49.33% of the stock is currently owned by institutional investors.
BWFG has been the topic of several recent research reports. ValuEngine cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub cut shares of Bankwell Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Monday, February 26th will be given a $0.12 dividend. This is a boost from Bankwell Financial Group’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a yield of 1.47%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 15.64%.
Bankwell Financial Group 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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