Bankwell Financial Group Inc Announces Quarterly Dividend of $0.14 (NASDAQ:BWFG)

Bankwell Financial Group Inc (NASDAQ:BWFG) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Friday, August 14th will be given a dividend of 0.14 per share by the bank on Monday, August 24th. This represents a $0.56 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, August 13th.

Bankwell Financial Group has raised its dividend by an average of 136.4% annually over the last three years and has increased its dividend every year for the last 4 years. Bankwell Financial Group has a payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bankwell Financial Group to earn $1.79 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 31.3%.

NASDAQ BWFG traded up $0.34 during trading hours on Thursday, hitting $15.86. 6,558 shares of the company were exchanged, compared to its average volume of 11,411. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The firm has a market cap of $124.82 million, a price-to-earnings ratio of 12.29 and a beta of 0.77. The company has a 50 day moving average of $15.51 and a two-hundred day moving average of $19.16. Bankwell Financial Group has a 52-week low of $12.07 and a 52-week high of $30.00.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Tuesday, July 28th. The bank reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. Bankwell Financial Group had a net margin of 12.05% and a return on equity of 5.75%. The firm had revenue of $14.21 million for the quarter, compared to analyst estimates of $14.55 million. On average, equities research analysts predict that Bankwell Financial Group will post 1.4 EPS for the current year.

A number of brokerages have recently weighed in on BWFG. Zacks Investment Research lowered shares of Bankwell Financial Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. ValuEngine upgraded Bankwell Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd.

In related news, Director James M. Garnett, Jr. bought 2,001 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $14.00 per share, with a total value of $28,014.00. Following the completion of the acquisition, the director now owns 5,008 shares in the company, valued at approximately $70,112. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have bought 2,953 shares of company stock valued at $41,971. Company insiders own 16.58% of the company’s stock.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and time, demand, and NOW deposits, as well as certificates of deposit.

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Dividend History for Bankwell Financial Group (NASDAQ:BWFG)

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