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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 10th will be paid a dividend of 0.20 per share by the bank on Friday, February 20th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, February 10th.

Bankwell Financial Group has raised its dividend by an average of 0.1%per year over the last three years. Bankwell Financial Group has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings.

Bankwell Financial Group Stock Up 1.7%

BWFG traded up $0.78 during trading hours on Thursday, reaching $47.77. 24,500 shares of the stock traded hands, compared to its average volume of 27,089. Bankwell Financial Group has a fifty-two week low of $26.39 and a fifty-two week high of $51.54. The company has a market cap of $376.43 million, a price-to-earnings ratio of 13.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s fifty day simple moving average is $47.37 and its two-hundred day simple moving average is $44.05.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on Bankwell Financial Group from $48.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.50.

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.