FS Bancorp, Inc. (FSBW) to Issue Quarterly Dividend of $0.29 on February 19th

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Friday, February 6th will be given a dividend of 0.29 per share by the bank on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, February 6th. This is a 3.6% increase from FS Bancorp’s previous quarterly dividend of $0.28.

FS Bancorp has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 12 years. FS Bancorp has a 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 Stock Performance

FS Bancorp stock opened at $42.56 on Wednesday. FS Bancorp has a fifty-two week low of $34.61 and a fifty-two week high of $44.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $320.05 million, a P/E ratio of 9.94 and a beta of 0.71. The firm’s fifty day moving average price is $41.68 and its 200-day moving average price is $40.69.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.03). FS Bancorp had a return on equity of 11.16% and a net margin of 15.19%.The company had revenue of $40.01 million during the quarter, compared to analysts’ expectations of $38.20 million. On average, equities research analysts expect that FS Bancorp will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FSBW has been the topic of a number of research reports. DA Davidson decreased their price objective on FS Bancorp from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.00.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.