FS Bancorp, Inc. (NASDAQ:FSBW) Raises Dividend to $0.29 Per Share

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Wednesday, January 21st. Shareholders of record on Friday, February 6th will be given a dividend of 0.29 per share by the bank on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, February 6th. This is a 3.6% increase from FS Bancorp’s previous quarterly dividend of $0.28.

FS Bancorp has increased 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 25.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FS Bancorp to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 24.0%.

FS Bancorp Trading Up 4.4%

NASDAQ FSBW opened at $43.43 on Thursday. The firm’s fifty day simple moving average is $41.33 and its 200-day simple moving average is $40.71. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. FS Bancorp has a 1-year low of $34.61 and a 1-year high of $44.22. The company has a market capitalization of $326.59 million, a PE ratio of 10.59 and a beta of 0.72.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). The firm had revenue of $40.01 million for the quarter, compared to analysts’ expectations of $38.20 million. FS Bancorp had a return on equity of 10.84% and a net margin of 15.10%. As a group, sell-side analysts anticipate that FS Bancorp will post 4.26 earnings per share for the current fiscal year.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.