Bankwell Financial Group, Inc. (NASDAQ:BWFG) Shareholders to Receive $0.20 Quarterly Dividend

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $0.20 per share by the bank on Friday, November 20th. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 9th.

Bankwell Financial Group has increased its dividend by an average of 0.1% annually over the last three years. Bankwell Financial Group has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bankwell Financial Group to earn $5.90 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 13.6%.

Bankwell Financial Group Trading Up 4.1%

Bankwell Financial Group stock opened at $69.65 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $555.25 million, a PE ratio of 13.02 and a beta of 0.58. The stock has a 50-day moving average of $66.29 and a two-hundred day moving average of $56.73. Bankwell Financial Group has a one year low of $42.50 and a one year high of $70.34.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.14. Bankwell Financial Group had a return on equity of 13.94% and a net margin of 19.80%. The business had revenue of $35.33 million for the quarter, compared to analyst estimates of $33.33 million. On average, research analysts anticipate that Bankwell Financial Group will post 5.70 EPS for the current fiscal year.

Insider Buying and Selling

In other Bankwell Financial Group news, Director Eric J. Dale acquired 530 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were purchased at an average price of $67.11 per share, for a total transaction of $35,568.30. Following the completion of the purchase, the director directly owned 43,026 shares of the company’s stock, valued at $2,887,474.86. The trade was a 1.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence B. Seidman bought 10,000 shares of Bankwell Financial Group stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $66.63 per share, with a total value of $666,300.00. Following the acquisition, the director owned 222,690 shares of the company’s stock, valued at $14,837,834.70. The trade was a 4.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 19,040 shares of company stock valued at $1,269,057 over the last three months. 20.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XML Financial LLC purchased a new stake in Bankwell Financial Group during the third quarter worth $359,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Bankwell Financial Group in the third quarter valued at $49,000. State of Alaska Department of Revenue increased its holdings in Bankwell Financial Group by 69.7% in the third quarter. State of Alaska Department of Revenue now owns 728 shares of the bank’s stock valued at $46,000 after buying an additional 299 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Bankwell Financial Group in the second quarter worth about $211,000. Finally, Corient Private Wealth LP raised its position in shares of Bankwell Financial Group by 1.5% in the second quarter. Corient Private Wealth LP now owns 22,223 shares of the bank’s stock worth $1,306,000 after acquiring an additional 320 shares during the period. 35.80% of the stock is owned by institutional investors and hedge funds.

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.