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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, May 8th will be given a dividend of 0.20 per share by the bank on Tuesday, May 19th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 8th.

Bankwell Financial Group has increased its dividend payment by an average of 0.1%annually over the last three years. Bankwell Financial Group has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bankwell Financial Group to earn $5.50 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 14.5%.

Bankwell Financial Group Stock Performance

Shares of BWFG stock opened at $49.43 on Thursday. 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 firm has a fifty day moving average price of $48.77 and a 200 day moving average price of $47.06. The company has a market cap of $394.11 million, a P/E ratio of 11.13 and a beta of 0.62. Bankwell Financial Group has a 12 month low of $30.40 and a 12 month high of $53.86.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. Bankwell Financial Group had a return on equity of 12.21% and a net margin of 16.94%.The company had revenue of $30.23 million for the quarter, compared to analysts’ expectations of $30.47 million. Sell-side analysts predict that Bankwell Financial Group will post 5.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BWFG shares. Hovde Group increased their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Bankwell Financial Group in a research note on Monday, December 29th. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small? to mid?sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision?making.

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.