FS Bancorp, Inc. (NASDAQ:FSBW) Announces Dividend Increase – $0.28 Per Share

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.28 per share by the bank on Thursday, February 20th. This represents a $1.12 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from FS Bancorp’s previous quarterly dividend of $0.27.

FS Bancorp has increased its dividend by an average of 24.1% per year over the last three years and has raised its dividend every year for the last 11 years. FS Bancorp has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FS Bancorp to earn $5.00 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 21.6%.

FS Bancorp Trading Down 4.7 %

Shares of FSBW opened at $39.97 on Thursday. FS Bancorp has a 1-year low of $30.64 and a 1-year high of $49.15. The company has a market capitalization of $312.57 million, a P/E ratio of 9.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.04. The firm’s 50 day simple moving average is $43.51 and its 200 day simple moving average is $43.13.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. Sell-side analysts forecast that FS Bancorp will post 4.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

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.