FS Bancorp, Inc. (NASDAQ:FSBW) Declares Quarterly Dividend of $0.28

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

FS Bancorp has increased its dividend payment by an average of 24.1% annually over the last three years and has raised its dividend every year for the last 11 years. FS Bancorp has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect FS Bancorp to earn $4.45 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 24.3%.

FS Bancorp Trading Down 4.7 %

FSBW stock traded down $1.96 during midday trading on Wednesday, reaching $39.97. 20,860 shares of the company traded hands, compared to its average volume of 13,870. The business has a 50 day moving average of $43.65 and a 200-day moving average of $43.16. FS Bancorp has a 52-week low of $30.64 and a 52-week high of $49.15. The firm has a market capitalization of $312.57 million, a price-to-earnings ratio of 8.49 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06.

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 analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a net margin of 18.28% and a return on equity of 13.42%. As a group, sell-side analysts expect that FS Bancorp will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.