The likelihood of Bankwell Financial Group (NASDAQ: BWFG) getting acquired just got a whole lot better. Although this small financial institution probably isn't on your radar, acquisitions can result in a nice bump to the stock price, presenting a hidden opportunity.
The Connecticut bank, which has $1.9 billion in assets and 13 branches, recently agreed to add the activist investor Lawrence Seidman to its board of directors, according to a filing with the SEC.
Seidman will join the board at the bank's 2020 annual meeting, but will act as a non-voting observer until that meeting takes place. Seidman first took a 5% stake in the bank at the end of 2018, but has increased his position to almost 9%.