FS Bancorp Inc (NASDAQ:FSBW) Plans Quarterly Dividend of $0.20

FS Bancorp Inc (NASDAQ:FSBW) declared a quarterly dividend on Tuesday, October 8th, Zacks reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.20 per share by the bank on Friday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from FS Bancorp’s previous quarterly dividend of $0.15.

FS Bancorp has raised its dividend by an average of 25.2% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. FS Bancorp has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FS Bancorp to earn $5.75 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.4%.

Shares of FS Bancorp stock opened at $48.18 on Thursday. FS Bancorp has a one year low of $41.25 and a one year high of $53.04. The stock’s fifty day moving average is $50.28 and its 200 day moving average is $49.74. The stock has a market cap of $232.89 million, a P/E ratio of 10.32 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.08.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Thursday, July 25th. The bank reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.28). FS Bancorp had a return on equity of 11.59% and a net margin of 23.80%. The company had revenue of $23.62 million during the quarter, compared to the consensus estimate of $23.14 million. Analysts predict that FS Bancorp will post 4.98 EPS for the current year.

A number of equities analysts recently commented on FSBW shares. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday. DA Davidson reaffirmed a “neutral” rating on shares of FS Bancorp in a report on Tuesday, July 30th.

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.

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Dividend History for FS Bancorp (NASDAQ:FSBW)

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