Bankwell Financial Group, Inc. (BWFG) To Go Ex-Dividend on August 10th

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 10th will be paid a dividend of 0.20 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 10th.

Bankwell Financial Group has increased its dividend 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 analysts expect Bankwell Financial Group to earn $5.60 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 14.3%.

Bankwell Financial Group Stock Up 2.7%

Shares of NASDAQ BWFG opened at $62.21 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $56.21 and a 200-day moving average of $51.53. The firm has a market capitalization of $496.00 million, a price-to-earnings ratio of 11.63 and a beta of 0.61. Bankwell Financial Group has a 12 month low of $36.22 and a 12 month high of $62.41.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Bankwell Financial Group had a net margin of 19.80% and a return on equity of 14.19%. The business had revenue of $32.78 million for the quarter, compared to the consensus estimate of $30.63 million. Sell-side analysts expect that Bankwell Financial Group will post 5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

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.