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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.20 per share by the bank on Tuesday, May 21st. This represents a $0.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, May 9th.

Bankwell Financial Group has increased its dividend by an average of 12.6% annually over the last three years. Bankwell Financial Group has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Up 0.8 %

Shares of Bankwell Financial Group stock traded up $0.18 on Friday, reaching $24.00. 1,294 shares of the company were exchanged, compared to its average volume of 12,201. Bankwell Financial Group has a one year low of $21.22 and a one year high of $30.83. The company has a market capitalization of $189.84 million, a price-to-earnings ratio of 6.20 and a beta of 0.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $25.09 and a 200 day moving average of $26.44.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Wednesday, January 24th. The bank reported $1.09 earnings per share (EPS) for the quarter. Bankwell Financial Group had a net margin of 15.28% and a return on equity of 11.67%. The company had revenue of $23.37 million during the quarter.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price target on Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, January 30th.

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.