FS Bancorp, Inc. (FSBW) to Issue Quarterly Dividend of $0.28 on February 20th

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 2.81%. 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 by an average of 24.1% per year over the last three years and has raised its dividend every year for the last 12 years. FS Bancorp has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect FS Bancorp to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 24.0%.

FS Bancorp Price Performance

NASDAQ:FSBW opened at $39.87 on Tuesday. The firm has a market cap of $311.78 million, a price-to-earnings ratio of 9.06 and a beta of 0.95. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average is $42.59 and its two-hundred day moving average is $43.34. FS Bancorp has a 12-month low of $30.64 and a 12-month high of $49.15.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. Research analysts expect that FS Bancorp will post 4.26 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a report 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.