FS Bancorp, Inc. (NASDAQ:FSBW) to Issue Dividend Increase – $0.29 Per Share

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Wednesday, January 21st. Investors 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 6th. This is a 3.6% increase from FS Bancorp’s previous quarterly dividend of $0.28.

FS Bancorp has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. FS Bancorp has a payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect FS Bancorp to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 24.0%.

FS Bancorp Trading Up 4.4%

FS Bancorp stock opened at $43.43 on Thursday. The stock has a 50-day moving average price of $41.33 and a 200 day moving average price of $40.71. FS Bancorp has a 52 week low of $34.61 and a 52 week high of $44.22. The stock has a market cap of $326.59 million, a PE ratio of 10.59 and a beta of 0.72. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). FS Bancorp had a net margin of 15.10% and a return on equity of 10.84%. The firm had revenue of $40.01 million during the quarter, compared to analysts’ expectations of $38.20 million. Equities research analysts predict that FS Bancorp will post 4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FSBW shares. Weiss Ratings restated a “buy (b-)” rating on shares of FS Bancorp in a report on Friday, January 9th. DA Davidson set a $41.00 target price on shares of FS Bancorp in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.