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

Key Points

• Bankwell Financial Group announced a quarterly dividend of $0.20 per share, with payment set for August 22nd to stockholders of record on August 11th, representing a 2.14% dividend yield.
• The company reported $1.15 EPS for the quarter, surpassing analysts' expectations, with a net margin of 6.33% and a return on equity of 4.60%.
• Equity analysts have varied ratings, with Keefe, Bruyette & Woods upgrading their price target from $40.00 to $42.00 while Wall Street Zen downgraded it from a "strong-buy" to a "buy" rating.

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, August 11th will be paid a dividend of 0.20 per share by the bank on Friday, August 22nd. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 11th.

Bankwell Financial Group has a payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Performance

Bankwell Financial Group stock traded up $0.92 during midday trading on Thursday, hitting $39.66. 24,640 shares of the company's stock were exchanged, compared to its average volume of 16,330. Bankwell Financial Group has a 12-month low of $24.83 and a 12-month high of $41.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $312.08 million, a price-to-earnings ratio of 15.28 and a beta of 0.66. The firm's 50 day simple moving average is $36.31 and its 200 day simple moving average is $32.82.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its earnings results on Monday, July 28th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $0.87 by $0.28. Bankwell Financial Group had a net margin of 10.27% and a return on equity of 7.52%. The company had revenue of $47.14 million during the quarter, compared to analysts' expectations of $24.20 million.

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.