FS Bancorp, Inc. (NASDAQ:FSBW) Shareholders to Get $0.29 Quarterly Dividend

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be paid 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 yield of 2.6%. The ex-dividend date of this dividend is Friday, November 6th.

FS Bancorp has raised its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. FS Bancorp has a payout ratio of 26.1% 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 $1.16 annual dividend with an expected future payout ratio of 24.8%.

FS Bancorp Trading Down 0.0%

NASDAQ:FSBW traded down $0.02 during midday trading on Thursday, hitting $44.31. The stock had a trading volume of 10,319 shares, compared to its average volume of 17,565. The company has a market capitalization of $329.22 million, a price-to-earnings ratio of 10.21 and a beta of 0.68. 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 has a one year low of $36.66 and a one year high of $45.85. The stock has a 50-day moving average of $43.70 and a 200 day moving average of $42.50.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data 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). FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The firm had revenue of $5.25 million during the quarter, compared to the consensus estimate of $40.70 million. As a group, sell-side analysts forecast that FS Bancorp will post 4.34 EPS for the current year.

Insider Buying and Selling

In other FS Bancorp news, Director Terri Degner sold 1,694 shares of FS Bancorp stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $42.72, for a total transaction of $72,367.68. Following the sale, the director owned 2,175 shares of the company’s stock, valued at $92,916. The trade was a 43.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.90% of the company’s stock.

Institutional Investors Weigh In On FS Bancorp

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of FS Bancorp in the 2nd quarter worth $26,000. Root Financial Partners LLC acquired a new position in FS Bancorp in the 3rd quarter valued at about $54,000. Bank of America Corp DE purchased a new stake in FS Bancorp during the 2nd quarter worth approximately $212,000. NewEdge Advisors LLC acquired a new stake in shares of FS Bancorp in the first quarter valued at $262,000. Finally, Deutsche Bank AG purchased a new position in shares of FS Bancorp in the 2nd quarter valued at about $276,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

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.