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 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.27.

FS Bancorp has raised its dividend payment by an average of 24.1% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. FS Bancorp has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FS Bancorp to earn $4.45 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 24.3%.

FS Bancorp Stock Down 4.7 %

NASDAQ FSBW traded down $1.96 during trading on Wednesday, reaching $39.97. 20,860 shares of the company’s stock traded hands, compared to its average volume of 13,870. The company’s 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $43.16. FS Bancorp has a 12-month low of $30.64 and a 12-month high of $49.15. The firm has a market cap of $312.57 million, a price-to-earnings ratio of 8.49 and a beta of 0.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.04.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. As a group, sell-side analysts forecast that FS Bancorp will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

FS Bancorp Company Profile

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.