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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 11th will be paid 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 dividend yield of 2.60%. The ex-dividend date is Tuesday, February 11th.

Bankwell Financial Group has raised its dividend by an average of 7.7% per year over the last three years. Bankwell Financial Group has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Price Performance

NASDAQ BWFG opened at $30.75 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average price is $31.48 and its 200-day moving average price is $29.38. Bankwell Financial Group has a 52-week low of $22.47 and a 52-week high of $35.25. The company has a market cap of $241.70 million, a PE ratio of 15.77 and a beta of 0.88.

Bankwell Financial Group (NASDAQ:BWFG) last released 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 7.77% and a return on equity of 5.74%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Bankwell Financial Group

In other news, Director Darryl Demos bought 2,290 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $32.61 per share, for a total transaction of $74,676.90. Following the completion of the purchase, the director now directly owns 8,156 shares in the company, valued at approximately $265,967.16. The trade was a 39.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $32.98, for a total transaction of $43,863.40. Following the completion of the transaction, the executive vice president now directly owns 3,002 shares of the company’s stock, valued at approximately $99,005.96. This represents a 30.70 % decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 2,975 shares of company stock worth $97,217 over the last three months. Corporate 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.