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

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors of record on Tuesday, February 11th will be given a dividend of 0.20 per share by the bank on Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Tuesday, February 11th.

Bankwell Financial Group has increased its dividend payment by an average of 7.7% annually over the last three years. Bankwell Financial Group has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings.

Bankwell Financial Group Trading Down 0.2 %

Bankwell Financial Group stock traded down $0.06 during midday trading on Thursday, reaching $29.68. The stock had a trading volume of 11,880 shares, compared to its average volume of 14,238. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group has a 52-week low of $22.47 and a 52-week high of $35.25. The firm has a market cap of $233.32 million, a price-to-earnings ratio of 15.18 and a beta of 0.88. The company has a fifty day moving average of $31.48 and a 200 day moving average of $29.38.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%.

Insider Transactions at Bankwell Financial Group

In other news, EVP Steven H. Brunner sold 1,330 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $32.98, for a total transaction of $43,863.40. Following the transaction, the executive vice president now directly owns 3,002 shares of the company's stock, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darryl Demos acquired 2,290 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $32.61 per share, for a total transaction of $74,676.90. Following the completion of the purchase, the director now owns 8,156 shares of the company's stock, valued at approximately $265,967.16. This represents a 39.04 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,975 shares of company stock valued at $97,217. 19.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th.

Bankwell Financial Group Company Profile

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.

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