FS Bancorp, Inc. (NASDAQ:FSBW) Plans 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 dividend yield of 2.80%. The ex-dividend date is Thursday, February 6th. This is a boost 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 every year for the last 11 years. FS Bancorp has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of FSBW stock opened at $39.97 on Thursday. FS Bancorp has a 12 month low of $30.64 and a 12 month high of $49.15. The stock has a market capitalization of $312.57 million, a P/E ratio of 9.08 and a beta of 0.96. 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’s 50 day moving average is $43.51 and its 200 day moving average is $43.13.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share 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%. On average, sell-side analysts anticipate that FS Bancorp will post 4.45 earnings per share for the current year.

Analyst Ratings Changes

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