FS Bancorp, Inc. (NASDAQ:FSBW) Announces Quarterly Dividend of $0.26

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.26 per share by the bank on Thursday, May 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, May 8th.

FS Bancorp has increased its dividend payment by an average of 33.5% annually over the last three years and has raised its dividend every year for the last 11 years. FS Bancorp has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FS Bancorp to earn $4.64 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 22.4%.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $31.44 on Friday. The company has a market cap of $245.55 million, a price-to-earnings ratio of 6.86 and a beta of 0.92. FS Bancorp has a 52 week low of $26.08 and a 52 week high of $38.70. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $32.80 and a 200-day moving average of $33.06.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $1.23 EPS for the quarter, topping the consensus estimate of $1.02 by $0.21. The company had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.80 million. FS Bancorp had a net margin of 18.69% and a return on equity of 14.49%. On average, equities analysts forecast that FS Bancorp will post 4.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of FS Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.