FS Bancorp, Inc. (FSBW) To Go Ex-Dividend on November 7th

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Thursday, November 7th will be given a dividend of 0.27 per share by the bank on Thursday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, November 7th.

FS Bancorp has increased its dividend by an average of 33.5% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. FS Bancorp has a payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect FS Bancorp to earn $4.65 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 23.2%.

FS Bancorp Stock Performance

FS Bancorp stock opened at $42.80 on Tuesday. FS Bancorp has a fifty-two week low of $28.07 and a fifty-two week high of $47.01. The stock’s 50 day simple moving average is $43.81 and its two-hundred day simple moving average is $38.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.08. The stock has a market cap of $331.70 million, a price-to-earnings ratio of 9.09 and a beta of 0.93.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. The business had revenue of $53.01 million during the quarter, compared to the consensus estimate of $37.10 million. FS Bancorp had a return on equity of 13.58% and a net margin of 18.28%. As a group, analysts expect that FS Bancorp will post 4.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a research 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.