SeaCrest Wealth Management LLC Invests $386,000 in Bankwell Financial Group Inc (BWFG)

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.

Bankwell Financial Group Inc (BWFG) opened at $32.75 on Thursday. Bankwell Financial Group Inc has a 1 year low of $29.90 and a 1 year high of $38.50. The firm has a market cap of $255.01, a PE ratio of 18.30 and a beta of 0.42. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.12 and a quick ratio of 1.12.

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%.

TRADEMARK VIOLATION NOTICE: This report was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.com-unik.info/2018/02/08/seacrest-wealth-management-llc-invests-386000-in-bankwell-financial-group-inc-bwfg.html.

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.

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).

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

Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit