FS Bancorp, Inc. (NASDAQ:FSBW) to Issue Quarterly Dividend of $0.29

FS Bancorp, Inc. (NASDAQ:FSBW – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.29 per share by the bank on Friday, November 20th. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, November 6th.

FS Bancorp has raised its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. FS Bancorp has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FS Bancorp to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 24.8%.

FS Bancorp Stock Down 0.8%

Shares of NASDAQ:FSBW traded down $0.36 during trading on Thursday, reaching $43.97. 6,749 shares of the stock traded hands, compared to its average volume of 17,556. The stock has a 50-day moving average of $43.70 and a two-hundred day moving average of $42.50. FS Bancorp has a 52-week low of $36.66 and a 52-week high of $45.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10. The stock has a market cap of $326.73 million, a P/E ratio of 10.14 and a beta of 0.68.

FS Bancorp (NASDAQ:FSBW – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The bank reported $0.63 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.48). FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The firm had revenue of $5.25 million for the quarter, compared to the consensus estimate of $40.70 million. As a group, sell-side analysts expect that FS Bancorp will post 4.34 earnings per share for the current fiscal year.

About FS Bancorp

(Get Free Report)

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

1st Security Bank offers checking and savings accounts, certificates of deposit, commercial and small-business banking, residential and commercial real estate loans, construction financing, consumer loans and home equity products.

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Dividend History for FS Bancorp (NASDAQ:FSBW)

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