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

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

FS Bancorp has raised its dividend by an average of 33.5% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. FS Bancorp has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of FSBW stock 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 firm has a market capitalization of $345.60 million, a price-to-earnings ratio of 9.68 and a beta of 0.93. 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 stock’s 50-day simple moving average is $43.53 and its 200-day simple moving average is $38.06.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. The business had revenue of $53.01 million for the quarter, compared to analyst estimates of $37.10 million. As a group, equities analysts forecast that FS Bancorp will post 4.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.