Bankwell Financial Group Inc (NASDAQ:BWFG) declared a quarterly dividend on Wednesday, January 31st, Zacks reports. Shareholders of record on Monday, February 26th will be given a dividend of 0.12 per share by the bank on Thursday, March 8th. This represents a $0.48 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, February 23rd. This is an increase from Bankwell Financial Group’s previous quarterly dividend of $0.07.
Bankwell Financial Group (NASDAQ:BWFG) opened at $33.31 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $255.69, a price-to-earnings ratio of 18.61 and a beta of 0.42. Bankwell Financial Group has a 12-month low of $29.90 and a 12-month high of $38.50.
Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $0.53 earnings per share for the quarter. The firm had revenue of $15.46 million for the quarter. Bankwell Financial Group had a return on equity of 10.29% and a net margin of 18.24%.
An institutional investor recently raised its position in Bankwell Financial Group stock. State Street Corp grew its position in shares of Bankwell Financial Group Inc (NASDAQ:BWFG) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,468 shares of the bank’s stock after buying an additional 3,305 shares during the period. State Street Corp owned approximately 1.13% of Bankwell Financial Group worth $2,666,000 at the end of the most recent quarter. 50.12% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. ValuEngine cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub upgraded Bankwell Financial Group from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th.
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Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.
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