FS Bancorp, Inc. Plans Quarterly Dividend of $0.27 (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Thursday, November 7th will be given a dividend of 0.27 per share by the bank on Thursday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 7th.

FS Bancorp has increased its dividend by an average of 33.5% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. FS Bancorp has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FS Bancorp to earn $4.73 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 22.8%.

FS Bancorp Stock Performance

FSBW stock traded up $0.41 on Thursday, reaching $44.74. The company's stock had a trading volume of 5,015 shares, compared to its average volume of 14,996. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 1.06. The firm has a fifty day moving average of $43.53 and a two-hundred day moving average of $38.06. FS Bancorp has a 52 week low of $28.07 and a 52 week high of $47.01. The company has a market capitalization of $348.79 million, a P/E ratio of 9.76 and a beta of 0.93.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.14 by $0.15. The company had revenue of $53.01 million for the quarter, compared to analysts' expectations of $37.10 million. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. As a group, analysts predict that FS Bancorp will post 4.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FSBW has been the topic of several analyst reports. StockNews.com lowered shares of FS Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday. DA Davidson raised their target price on shares of FS Bancorp from $34.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, July 25th.

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.