FS Bancorp, Inc. Announces Quarterly Dividend of $0.26 (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.26 per share by the bank on Thursday, May 23rd. This represents a $1.04 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, May 8th.

FS Bancorp has increased its dividend by an average of 33.5% 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 22.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FS Bancorp to earn $4.64 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 22.4%.

FS Bancorp Stock Performance

Shares of FS Bancorp stock traded up $0.06 on Friday, hitting $31.44. The stock had a trading volume of 21,283 shares, compared to its average volume of 10,050. FS Bancorp has a twelve month low of $26.08 and a twelve month high of $38.70. The business’s 50 day moving average is $32.80 and its two-hundred day moving average is $33.06. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market cap of $245.55 million, a price-to-earnings ratio of 6.86 and a beta of 0.92.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.21. The firm had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.80 million. FS Bancorp had a return on equity of 14.49% and a net margin of 18.69%. Analysts forecast that FS Bancorp will post 4.22 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday.

About FS Bancorp

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.