FS Bancorp, Inc. Plans Quarterly Dividend of $0.29 (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 7th will be given a dividend of 0.29 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 7th.

FS Bancorp has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 12 years. FS Bancorp has a dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FS Bancorp to earn $5.20 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 22.3%.

FS Bancorp Stock Up 2.4%

FS Bancorp stock opened at $44.04 on Wednesday. The stock has a market cap of $238.48 million, a PE ratio of 10.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.02. The stock’s fifty day moving average is $41.99 and its two-hundred day moving average is $41.14. FS Bancorp has a 1-year low of $36.66 and a 1-year high of $45.85.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.05). FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%.The business had revenue of $5.24 million for the quarter, compared to analyst estimates of $38.00 million. On average, sell-side analysts expect that FS Bancorp will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, FS Bancorp presently has an average rating of “Moderate Buy” and an average target price of $46.00.

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.