FS Bancorp, Inc. to Issue Quarterly Dividend of $0.28 (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Stockholders of record on Thursday, August 7th will be paid a dividend of 0.28 per share by the bank on Thursday, August 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, August 7th.

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 Down 1.5%

Shares of NASDAQ FSBW traded down $0.64 during midday trading on Friday, reaching $41.06. 12,031 shares of the stock were exchanged, compared to its average volume of 14,854. The business has a 50-day simple moving average of $39.91 and a two-hundred day simple moving average of $39.25. The company has a market capitalization of $316.16 million, a price-to-earnings ratio of 9.75 and a beta of 0.71. FS Bancorp has a 12 month low of $34.61 and a 12 month high of $49.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.99.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The company had revenue of $37.28 million for the quarter, compared to analysts' expectations of $36.55 million. FS Bancorp had a net margin of 15.88% and a return on equity of 11.35%. As a group, equities research analysts expect that FS Bancorp will post 4.26 EPS for the current year.

Institutional Investors Weigh In On FS Bancorp

An institutional investor recently raised its position in FS Bancorp stock. Empowered Funds LLC grew its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,822 shares of the bank's stock after buying an additional 2,611 shares during the quarter. Empowered Funds LLC owned approximately 0.50% of FS Bancorp worth $1,476,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 63.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FSBW shares. Wall Street Zen raised shares of FS Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. DA Davidson boosted their price objective on shares of FS Bancorp from $41.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday.

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.