Bankwell Financial Group, Inc. (BWFG) To Go Ex-Dividend on August 11th

Bankwell Financial Group, Inc. (NASDAQ:BWFG) declared a quarterly dividend on Monday, July 28th, RTT News reports. Shareholders of record on Monday, August 11th will be given a dividend of 0.20 per share by the bank on Friday, August 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Monday, August 11th.

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

Bankwell Financial Group Stock Down 1.1%

BWFG opened at $39.40 on Wednesday. Bankwell Financial Group has a fifty-two week low of $24.83 and a fifty-two week 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 company has a fifty day moving average of $36.22 and a two-hundred day moving average of $32.78. The stock has a market capitalization of $310.08 million, a price-to-earnings ratio of 15.27 and a beta of 0.66.

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

Insiders Place Their Bets

In related news, insider Ryan Jason Hildebrand sold 1,282 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $36.86, for a total transaction of $47,254.52. Following the completion of the sale, the insider owned 2,051 shares in the company, valued at $75,599.86. This represents a 38.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have acquired 1,306 shares of company stock worth $46,585. 19.48% of the stock is owned by corporate insiders.

Institutional Trading of Bankwell Financial Group

Several hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new position in Bankwell Financial Group during the first quarter worth about $148,000. Jane Street Group LLC acquired a new position in Bankwell Financial Group during the first quarter worth about $250,000. Finally, Empowered Funds LLC raised its position in Bankwell Financial Group by 3.4% during the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock worth $642,000 after acquiring an additional 702 shares during the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Hovde Group upped their price objective on shares of Bankwell Financial Group from $38.50 to $42.00 and gave the stock a “market perform” rating in a report on Tuesday. Raymond James Financial began coverage on shares of Bankwell Financial Group in a report on Thursday, June 26th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods increased their target price on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

About Bankwell Financial Group

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.