FS Bancorp, Inc. (NASDAQ:FSBW) Announces $0.28 Quarterly Dividend

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, August 7th.

FS Bancorp has a dividend payout ratio of 25.2% 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 $1.12 annual dividend with an expected future payout ratio of 24.0%.

FS Bancorp Stock Down 1.2%

FSBW stock traded down $0.48 during mid-day trading on Friday, hitting $41.22. The stock had a trading volume of 2,957 shares, compared to its average volume of 15,722. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. FS Bancorp has a 1-year low of $34.61 and a 1-year high of $49.15. The company has a fifty day moving average of $39.90 and a 200 day moving average of $39.26. The stock has a market capitalization of $317.39 million, a price-to-earnings ratio of 9.79 and a beta of 0.71.

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

Analyst Ratings Changes

FSBW has been the topic of a number of research analyst reports. Wall Street Zen raised FS Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. DA Davidson raised their target price on FS Bancorp from $41.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday.

Institutional Investors Weigh In On FS Bancorp

A hedge fund recently raised its stake in FS Bancorp stock. Empowered Funds LLC grew its position in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,822 shares of the bank's stock after purchasing an additional 2,611 shares during the period. Empowered Funds LLC owned approximately 0.50% of FS Bancorp worth $1,476,000 at the end of the most recent quarter. 63.88% of the stock is currently owned by institutional investors.

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.