Bankwell Financial Group, Inc. (BWFG) To Go Ex-Dividend on November 8th

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.20 per share by the bank on Friday, November 22nd. This represents a $0.80 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, November 8th.

Bankwell Financial Group has increased 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 opened at $28.72 on Wednesday. The firm’s 50-day simple moving average is $29.43 and its 200 day simple moving average is $26.58. Bankwell Financial Group has a 52 week low of $22.47 and a 52 week high of $31.09. The firm has a market cap of $225.65 million, a price-to-earnings ratio of 14.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The firm had revenue of $49.35 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $34.00 target price on shares of Bankwell Financial Group in a report on Wednesday, October 16th.

Insider Activity at Bankwell Financial Group

In other news, EVP Christine Chivily sold 1,815 shares of Bankwell Financial Group stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total transaction of $50,602.20. Following the transaction, the executive vice president now owns 14,449 shares in the company, valued at approximately $402,838.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 19.20% of the stock is owned by company insiders.

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.