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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Stockholders of record on Monday, August 12th will be given a dividend of 0.20 per share by the bank on Friday, August 23rd. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, August 12th.

Bankwell Financial Group has raised its dividend by an average of 12.6% annually over the last three years. Bankwell Financial Group has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Performance

BWFG stock traded down $0.09 during midday trading on Thursday, hitting $26.37. The company’s stock had a trading volume of 17,677 shares, compared to its average volume of 12,868. The stock has a market cap of $208.32 million, a price-to-earnings ratio of 6.94 and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $24.60 and its 200 day moving average price is $25.31. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $30.83.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $48.36 million for the quarter. Bankwell Financial Group had a net margin of 15.28% and a return on equity of 11.55%.

Insider Buying and Selling

In other Bankwell Financial Group news, EVP Steven H. Brunner sold 1,405 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $24.12, for a total value of $33,888.60. Following the sale, the executive vice president now directly owns 2,621 shares in the company, valued at $63,218.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Steven H. Brunner sold 1,405 shares of Bankwell Financial Group stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.12, for a total value of $33,888.60. Following the completion of the transaction, the executive vice president now directly owns 2,621 shares in the company, valued at approximately $63,218.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan Jason Hildebrand sold 1,448 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $25.02, for a total value of $36,228.96. Following the completion of the transaction, the insider now directly owns 1,885 shares of the company’s stock, valued at $47,162.70. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 2,507 shares of company stock valued at $61,157 and have sold 10,559 shares valued at $253,346. 19.20% of the stock is currently owned by insiders.

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.