FS Bancorp Inc (NASDAQ:FSBW) Announces Dividend Increase – $0.20 Per Share

FS Bancorp Inc (NASDAQ:FSBW) announced a quarterly dividend on Tuesday, October 8th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.20 per share by the bank on Friday, November 15th. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date 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% per year over the last three years and has raised its dividend every year for the last 5 years. FS Bancorp has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 NASDAQ FSBW opened at $50.39 on Thursday. The firm has a 50 day moving average of $50.28 and a 200 day moving average of $49.74. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $232.89 million, a price-to-earnings ratio of 10.79 and a beta of 1.05. FS Bancorp has a 12-month low of $41.25 and a 12-month high of $53.04.

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

FSBW has been the subject of several recent research reports. DA Davidson restated a “neutral” rating on shares of FS Bancorp in a research report on Tuesday, July 30th. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company 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.

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Dividend History for FS Bancorp (NASDAQ:FSBW)

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