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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Monday, August 12th.

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 dividend payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Performance

Shares of NASDAQ:BWFG traded down $0.09 on Thursday, reaching $26.37. 17,677 shares of the company’s stock were exchanged, compared to its average volume of 12,868. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $208.32 million, a price-to-earnings ratio of 6.94 and a beta of 0.83. The company has a fifty day moving average of $24.60 and a 200-day moving average of $25.31. Bankwell Financial Group has a twelve month low of $22.47 and a twelve month high of $30.83.

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

Insider Transactions at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Christine Chivily sold 6,356 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $23.60, for a total transaction of $150,001.60. Following the completion of the transaction, the executive vice president now directly owns 15,348 shares in the company, valued at $362,212.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Lawrence B. Seidman acquired 2,040 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $24.37 per share, for a total transaction of $49,714.80. Following the transaction, the director now directly owns 175,761 shares in the company, valued at $4,283,295.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christine Chivily sold 6,356 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $23.60, for a total transaction of $150,001.60. Following the sale, the executive vice president now directly owns 15,348 shares in the company, valued at approximately $362,212.80. The disclosure for this sale can be found here. In the last 90 days, insiders bought 2,507 shares of company stock valued at $61,157 and sold 10,559 shares valued at $253,346. 19.20% of the stock is currently owned by 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.