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

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 dividend yield of 2.81%. 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% annually over the last three years and has increased its dividend every year for the last 12 years. FS Bancorp has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.4 %

Shares of NASDAQ:FSBW opened at $39.87 on Tuesday. 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 has a fifty day simple moving average of $42.59 and a 200 day simple moving average of $43.34. The firm has a market cap of $311.78 million, a PE ratio of 9.06 and a beta of 0.95. FS Bancorp has a 12-month low of $30.64 and a 12-month high of $49.15.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share (EPS) 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%. On average, equities research analysts anticipate that FS Bancorp will post 4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.