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

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Stockholders of record on Monday, November 11th will be given a dividend of 0.20 per share by the bank on Friday, November 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.79%. 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% per year over the last three years. Bankwell Financial Group has a payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Price Performance

NASDAQ:BWFG traded down $0.18 during midday trading on Wednesday, hitting $28.66. 20,421 shares of the stock were exchanged, compared to its average volume of 13,169. The company has a market capitalization of $225.18 million, a price-to-earnings ratio of 7.51 and a beta of 0.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. Bankwell Financial Group has a one year low of $22.47 and a one year high of $31.09. The business has a 50-day moving average price of $29.35 and a two-hundred day moving average price of $26.41.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.24 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 8.76% and a net margin of 11.76%. The company had revenue of $49.35 million for the quarter.

Insider Buying and Selling at Bankwell Financial Group

In related news, EVP Christine Chivily sold 1,815 shares of Bankwell Financial Group stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total value of $50,602.20. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 19.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated an "outperform" rating and set a $34.00 price objective on shares of Bankwell Financial Group in a research report on Wednesday, October 16th.

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.