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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Wednesday, January 22nd,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 annualized dividend and a dividend yield of 2.66%. 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 payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Performance

BWFG stock traded down $0.69 during mid-day trading on Friday, reaching $30.06. 9,570 shares of the stock traded hands, compared to its average volume of 14,778. The firm has a market capitalization of $236.27 million, a PE ratio of 25.47 and a beta of 0.88. Bankwell Financial Group has a 52 week low of $22.47 and a 52 week high of $35.25. The business has a 50-day moving average of $31.48 and a two-hundred day moving average of $29.38. 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 (NASDAQ:BWFG) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Insider Activity at Bankwell Financial Group

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

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.