FS Bancorp, Inc. (FSBW) To Go Ex-Dividend on November 6th

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be given a dividend of $0.29 per share by the bank on Friday, November 20th. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, November 6th.

FS Bancorp has raised its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. FS Bancorp has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities 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 $1.16 annual dividend with an expected future payout ratio of 24.8%.

FS Bancorp Price Performance

FSBW opened at $44.35 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The company has a market cap of $329.52 million, a price-to-earnings ratio of 10.22 and a beta of 0.68. The stock has a fifty day simple moving average of $43.71 and a two-hundred day simple moving average of $42.54. FS Bancorp has a 12-month low of $36.66 and a 12-month high of $45.85.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, October 21st. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.48). The business had revenue of $41.86 million for the quarter, compared to the consensus estimate of $40.70 million. FS Bancorp had a net margin of 12.81% and a return on equity of 9.39%. Research analysts predict that FS Bancorp will post 4.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FSBW. Weiss Ratings reissued a “buy (b)” rating on shares of FS Bancorp in a research report on Friday, September 25th. Zacks Research upgraded shares of FS Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. DA Davidson reaffirmed a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a research note on Wednesday, July 22nd. Finally, Brean Capital downgraded shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

FS Bancorp Company Profile

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. The company serves individuals, families, small and midsized businesses, professionals, and community organizations through its banking and home lending operations.

1st Security Bank provides deposit products, residential and commercial real estate loans, construction and land development financing, commercial and industrial loans, consumer loans, and other traditional banking services.