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

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.26 per share by the bank on Thursday, May 23rd. This represents a $1.04 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, May 8th.

FS Bancorp has raised its dividend by an average of 33.5% annually over the last three years and has increased its dividend every year for the last 11 years. FS Bancorp has a dividend payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FS Bancorp to earn $4.42 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 23.5%.

FS Bancorp Trading Up 1.0 %

NASDAQ:FSBW opened at $32.80 on Monday. The firm has a market capitalization of $256.17 million, a P/E ratio of 7.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. FS Bancorp has a one year low of $27.32 and a one year high of $38.70. The company’s 50-day simple moving average is $32.58 and its 200 day simple moving average is $33.17.

Analyst Ratings Changes

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

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.