Bankwell Financial Group, Inc. (BWFG) to Distribute Quarterly Dividend of $0.20 on November 20th

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Monday, November 9th will be given a dividend of $0.20 per share by the bank on Friday, November 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, November 9th.

Bankwell Financial Group has increased its dividend by an average of 0.1% per year over the last three years. Bankwell Financial Group has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bankwell Financial Group to earn $6.46 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 12.4%.

Bankwell Financial Group Price Performance

BWFG opened at $70.11 on Friday. The company has a market capitalization of $558.78 million, a price-to-earnings ratio of 12.89 and a beta of 0.58. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $66.94 and its 200-day simple moving average is $57.47. Bankwell Financial Group has a 12-month low of $43.05 and a 12-month high of $74.46.

Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Thursday, October 29th. The bank reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. The business had revenue of $35.33 million during the quarter, compared to the consensus estimate of $33.33 million. Bankwell Financial Group had a return on equity of 14.58% and a net margin of 20.49%. On average, equities research analysts anticipate that Bankwell Financial Group will post 6.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BWFG shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $79.00 target price (up from $72.00) on shares of Bankwell Financial Group in a report on Friday, October 30th. Weiss Ratings cut Bankwell Financial Group from a “buy (a)” rating to a “buy (a-)” rating in a report on Monday, October 26th. Zacks Research raised Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Finally, Hovde Group increased their target price on shares of Bankwell Financial Group from $51.00 to $63.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $71.00.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.