Short-term stake in Bankwell Financial Group, Inc. (NASDAQ: BWFG) increases 106.5%

Bankwell Financial Group, Inc. (NASDAQ: BWFG – Get a rating) benefited from a sharp rise in short-term interest rates in June. As of June 30, there was short interest totaling 159,600 shares, an increase of 106.5% from the June 15 total of 77,300 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average daily volume of 55,900 shares, the short interest ratio is currently 2.9 days.

Bankwell Financial Group Stock up 1.9%

Shares of Bankwell Financial Group opened at $30.95 on Friday. The company has a 50-day moving average of $32.95 and a 200-day moving average of $33.62. The company has a debt ratio of 0.40, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $240.20 million, a PE ratio of 8.39 and a beta of 0.75. Bankwell Financial Group has a 1-year low of $27.31 and a 1-year high of $36.87.

Bankwell Financial Group (NASDAQ: BWFG – Get a rating) last released its quarterly results on Wednesday, April 27. The bank reported EPS of $1.04 for the quarter, beating the consensus estimate of $0.88 by $0.16. Bankwell Financial Group posted a net margin of 32.50% and a return on equity of 14.83%. The company posted revenue of $20.47 million for the quarter, versus $20.10 million expected by analysts. As a group, equity analysts expect Bankwell Financial Group to post EPS of 3.85 for the current fiscal year.

Bankwell Financial Group Dividend Announcement

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The company also recently declared a quarterly dividend, which was paid on Monday, May 23. Shareholders of record on Friday, May 13 received a dividend of $0.20 per share. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.80 and a dividend yield of 2.58%. Bankwell Financial Group’s payout ratio is 21.68%.

Changes to analyst ratings

Separately, launched coverage on Bankwell Financial Group in a research note on Thursday, March 31. They set a “buy” rating for the company.

Insider Activity at Bankwell Financial Group

Separately, director Darryl Demos bought 1,450 shares in a trade that took place on Thursday, May 26. The shares were purchased at an average cost of $34.55 per share, for a total transaction of $50,097.50. Following the acquisition, the director now owns 1,450 shares of the company, valued at $50,097.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In the past three months, insiders have purchased 2,082 shares of the company worth $70,360. Company insiders hold 28.00% of the company’s shares.

Hedge funds weigh on Bankwell Financial Group

Large investors have recently changed their stock holdings. FNY Investment Advisers LLC bought a new position in shares of Bankwell Financial Group during the first quarter for a value of approximately $67,000. US Bancorp DE increased its position in shares of Bankwell Financial Group by 15.6% during the first quarter. US Bancorp DE now owns 2,219 shares in the bank worth $75,000 after buying 300 more shares in the last quarter. UBS Group AG increased its stake in Bankwell Financial Group by 34.8% in the first quarter. UBS Group AG now owns 3,875 shares in the bank worth $131,000 after acquiring an additional 1,000 shares in the last quarter. Jane Street Group LLC bought a new position in Bankwell Financial Group in the first quarter worth approximately $214,000. Finally, JPMorgan Chase & Co. increased its stake in Bankwell Financial Group by 7.8% in the first quarter. JPMorgan Chase & Co. now owns 6,383 shares of the bank worth $216,000 after acquiring 460 additional shares in the last quarter. Institutional investors hold 32.55% of the company’s shares.

About Bankwell Financial Group

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Bankwell Financial Group, Inc operates as a banking holding company for Bankwell Bank which provides various personal and corporate banking services. It offers various traditional deposit products, including checks, savings, money market and certificates of deposit. The company also offers first mortgage loans secured by residential properties occupied by one to four families for personal use; home equity loans and home equity lines of credit secured by owner-occupied single family residential properties of one to four families; loans secured by investor-owned commercial real estate, multi-family dwellings and single-family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail and other income-generating properties; land loans; commercial enterprise loans secured by assignments of corporate assets and personal guarantees from business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit.

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