Bankwell Financial Group, Inc. (NASDAQ:BWFG) Announces $0.20 Quarterly Dividend

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.20 per share by the bank on Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, November 8th.

Bankwell Financial Group has raised its dividend payment by an average of 12.6% annually over the last three years. Bankwell Financial Group has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings.

Bankwell Financial Group Price Performance

NASDAQ BWFG remained flat at $28.84 on Wednesday. 3,186 shares of the company’s stock were exchanged, compared to its average volume of 13,087. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $226.60 million, a PE ratio of 7.51 and a beta of 0.83. The stock’s 50 day moving average is $29.35 and its 200 day moving average is $26.41. Bankwell Financial Group has a one year low of $22.47 and a one year high of $31.09.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The company had revenue of $49.35 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $34.00 target price on shares of Bankwell Financial Group in a report on Wednesday, October 16th.

Insider Transactions at Bankwell Financial Group

In other news, EVP Christine Chivily sold 1,815 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the sale, the executive vice president now directly owns 14,449 shares in the company, valued at $402,838.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 19.20% of the company’s stock.

About Bankwell Financial Group

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.