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

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

FS Bancorp has raised its dividend by an average of 33.5% per year 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. 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 Price Performance

FS Bancorp stock traded up $0.06 during midday trading on Friday, reaching $31.44. The company had a trading volume of 21,283 shares, compared to its average volume of 10,050. The company has a market capitalization of $245.55 million, a P/E ratio of 6.86 and a beta of 0.92. FS Bancorp has a 12-month low of $26.08 and a 12-month high of $38.70. The firm’s fifty day simple moving average is $32.80 and its 200-day simple moving average is $33.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99.

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, beating analysts’ consensus estimates of $1.02 by $0.21. FS Bancorp had a net margin of 18.69% and a return on equity of 14.49%. The firm had revenue of $35.91 million for the quarter, compared to analyst estimates of $34.80 million. As a group, equities analysts anticipate that FS Bancorp will post 4.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded FS Bancorp from a “hold” rating to a “buy” rating in a 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.