Bankwell Financial Group, Inc. (BWFG) to Issue Quarterly Dividend of $0.20 on February 21st

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders 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 yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 11th.

Bankwell Financial Group has raised 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% indicating that its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Performance

BWFG stock traded down $0.69 on Friday, hitting $30.06. The company’s stock had a trading volume of 9,570 shares, compared to its average volume of 14,778. The firm has a 50 day moving average of $31.48 and a two-hundred day moving average of $29.38. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $35.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market cap of $236.27 million, a price-to-earnings ratio of 25.47 and a beta of 0.88.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 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 increased their target price on 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 other news, Director Darryl Demos bought 2,290 shares of the firm’s stock in a transaction on 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 owns 8,156 shares in the company, valued at approximately $265,967.16. This trade represents a 39.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven H. Brunner sold 1,330 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the transaction, the executive vice president now directly owns 3,002 shares in the company, valued at $99,005.96. This trade represents a 30.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 2,975 shares of company stock valued at $97,217. Corporate insiders own 19.20% 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 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.