Bankwell Financial Group, Inc. (BWFG) To Go Ex-Dividend on May 9th

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 paid 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 is Thursday, May 9th.

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

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded up $0.18 during trading hours on Friday, reaching $24.00. 1,501 shares of the stock traded hands, compared to its average volume of 12,069. The company has a 50 day moving average price of $25.09 and a 200 day moving average price of $26.44. The firm 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 quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. Bankwell Financial Group has a one year low of $21.22 and a one year high of $30.83.

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

Wall Street Analysts Forecast Growth

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

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.