FS Bancorp, Inc. (NASDAQ:FSBW) Announces Quarterly Dividend of $0.27

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Thursday, November 7th will be given a dividend of 0.27 per share by the bank on Thursday, November 21st. This represents a $1.08 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, November 7th.

FS Bancorp has raised its dividend payment by an average of 33.5% annually over the last three years and has increased its dividend every year for the last 11 years. FS Bancorp has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FS Bancorp to earn $4.73 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 22.8%.

FS Bancorp Stock Performance

NASDAQ:FSBW opened at $44.33 on Thursday. FS Bancorp has a fifty-two week low of $28.07 and a fifty-two week high of $47.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.08. The company has a 50 day simple moving average of $43.53 and a two-hundred day simple moving average of $38.06. The company has a market capitalization of $345.60 million, a PE ratio of 9.68 and a beta of 0.93.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15. The business had revenue of $53.01 million during the quarter, compared to the consensus estimate of $37.10 million. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. Research analysts anticipate that FS Bancorp will post 4.44 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. DA Davidson upped their price target on shares of FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday.

FS Bancorp Company Profile

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.