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

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.27.

FS Bancorp has raised its dividend by an average of 24.1% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. FS Bancorp has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect FS Bancorp to earn $5.00 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 21.6%.

FS Bancorp Trading Up 1.5 %

Shares of FSBW stock opened at $40.58 on Friday. The firm’s fifty day simple moving average is $43.39 and its 200 day simple moving average is $43.12. 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 firm has a market capitalization of $317.34 million, a P/E ratio of 9.22 and a beta of 0.96. FS Bancorp has a 1 year low of $30.64 and a 1 year high of $49.15.

FS Bancorp (NASDAQ:FSBW) last issued 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%. As a group, sell-side analysts predict that FS Bancorp will post 4.45 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 research report on Wednesday, October 23rd.

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.