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

Key Points

• FS Bancorp, Inc. has declared a quarterly dividend of $0.28 per share, with an annualized yield of 2.9%, to be paid on November 20th to shareholders of record as of November 6th.
• The bank reported earnings of $1.18 per share for the last quarter, exceeding the consensus estimate of $1.08, with a net margin of 15.88% and a return on equity of 11.32%.
• Insider selling activity includes CEO Joseph C. Adams selling 14,646 shares, reflecting a 13.03% decrease in his holdings, as part of a broader trend where insiders have sold a total of 37,500 shares over the last 90 days.

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) announced a quarterly dividend on Tuesday, October 21st. Shareholders of record on Thursday, November 6th will be paid a dividend of 0.28 per share by the bank on Thursday, November 20th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, November 6th.

FS Bancorp has a payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 1.0%

Shares of FSBW opened at $38.41 on Wednesday. FS Bancorp has a 52-week low of $34.61 and a 52-week high of $49.15. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.96. The firm's fifty day moving average is $40.64 and its two-hundred day moving average is $39.88. The stock has a market cap of $291.76 million, a PE ratio of 9.12 and a beta of 0.74.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its earnings results on Tuesday, October 28th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. FS Bancorp had a net margin of 15.88% and a return on equity of 11.32%. Research analysts forecast that FS Bancorp will post 4.26 earnings per share for the current fiscal year.

Insider Transactions at FS Bancorp

In related news, CEO Joseph C. Adams sold 14,646 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $41.83, for a total value of $612,642.18. Following the sale, the chief executive officer directly owned 97,775 shares in the company, valued at approximately $4,089,928.25. The trade was a 13.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 37,500 shares of company stock valued at $1,529,937. 12.70% of the stock is currently owned by insiders.

Institutional Trading of FS Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP purchased a new stake in FS Bancorp during the first quarter worth about $617,000. Trexquant Investment LP purchased a new stake in FS Bancorp during the first quarter worth about $286,000. Farther Finance Advisors LLC purchased a new stake in FS Bancorp during the second quarter worth about $74,000. D.A. Davidson & CO. purchased a new stake in FS Bancorp during the first quarter worth about $365,000. Finally, Agate Pass Investment Management LLC purchased a new stake in FS Bancorp during the second quarter worth about $206,000. 63.88% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.