FS Bancorp, Inc. (FSBW) to Distribute Quarterly Dividend of $0.29 on August 21st

FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 7th will be paid a dividend of 0.29 per share by the bank on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 7th.

FS Bancorp has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 12 years. FS Bancorp has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FS Bancorp to earn $4.88 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 23.8%.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $42.99 on Wednesday. The business has a 50 day simple moving average of $42.56 and a 200 day simple moving average of $41.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $232.58 million, a price-to-earnings ratio of 9.91 and a beta of 0.66. FS Bancorp has a 12-month low of $36.66 and a 12-month high of $45.85.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $5.24 million for the quarter, compared to analysts’ expectations of $38.00 million. FS Bancorp had a net margin of 14.88% and a return on equity of 10.96%. On average, equities research analysts anticipate that FS Bancorp will post 4.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FSBW. DA Davidson restated a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a report on Wednesday, July 22nd. Brean Capital cut shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Monday, July 27th. Weiss Ratings upgraded FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Finally, Zacks Research lowered FS Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.00.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.