Bankwell Financial Group Inc (NASDAQ:BWFG) announced a quarterly dividend on Wednesday, October 31st, Wall Street Journal reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.12 per share by the bank on Monday, November 26th. This represents a $0.48 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 15th.

Bankwell Financial Group has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bankwell Financial Group to earn $2.31 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 20.8%.

NASDAQ BWFG opened at $29.90 on Friday. Bankwell Financial Group has a fifty-two week low of $29.35 and a fifty-two week high of $36.99. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $233.15 million, a price-to-earnings ratio of 14.73 and a beta of 0.44.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Tuesday, October 30th. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Bankwell Financial Group had a return on equity of 10.88% and a net margin of 19.82%. The business had revenue of $15.11 million during the quarter, compared to analysts’ expectations of $15.20 million. As a group, research analysts expect that Bankwell Financial Group will post 2.37 earnings per share for the current year.

Several research analysts have recently issued reports on the company. ValuEngine lowered Bankwell Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Bankwell Financial Group in a research report on Wednesday, August 8th. Zacks Investment Research raised Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, August 8th. Boenning Scattergood set a $37.00 target price on Bankwell Financial Group and gave the stock a “buy” rating in a research report on Monday, July 16th. Finally, BidaskClub lowered Bankwell Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Bankwell Financial Group presently has an average rating of “Hold” and an average price target of $35.00.

In other news, EVP Laura Waitz sold 1,265 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $31.30, for a total value of $39,594.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.87% of the stock is currently owned by corporate insiders.

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Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit.

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Dividend History for Bankwell Financial Group (NASDAQ:BWFG)

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