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

Key Points

• FS Bancorp declared a quarterly dividend of $0.29 per share, payable November 20 to shareholders of record on November 6. The annualized dividend is $1.16 per share, yielding approximately 2.6%.
• The bank has raised its dividend for 12 consecutive years, with a current payout ratio of 26.1%, indicating earnings comfortably cover the dividend.
• FS Bancorp shares fell 0.8% to $43.97, while the company’s latest quarterly results missed expectations: adjusted earnings were $0.63 per share versus the $1.11 consensus estimate.

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

FS Bancorp has increased its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. FS Bancorp has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. 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, hitting $43.97. The stock had a trading volume of 6,749 shares, compared to its average volume of 17,556. FS Bancorp has a 12 month low of $36.66 and a 12 month high of $45.85. The company has a market capitalization of $326.73 million, a PE ratio of 10.14 and a beta of 0.68. The firm's fifty day moving average is $43.70 and its 200 day moving average is $42.50. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last released 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). The firm had revenue of $5.25 million for the quarter, compared to the consensus estimate of $40.70 million. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. Analysts anticipate that FS Bancorp will post 4.34 EPS for the current fiscal year.

About FS Bancorp

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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