FS Bancorp, Inc. (FSBW) to Issue 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) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, August 7th.

FS Bancorp has increased its dividend payment 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 dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FS Bancorp to earn $5.20 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 22.3%.

FS Bancorp Stock Down 2.4%

Shares of FSBW opened at $43.00 on Thursday. The company’s 50-day simple moving average is $42.05 and its 200-day simple moving average is $41.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04. FS Bancorp has a 1 year low of $36.66 and a 1 year high of $45.85. The stock has a market capitalization of $232.63 million, a PE ratio of 9.91 and a beta of 0.65.

FS Bancorp (NASDAQ:FSBW) last announced 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. FS Bancorp had a net margin of 14.88% and a return on equity of 10.96%. The firm had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million. Analysts forecast that FS Bancorp will post 4.64 earnings per share for the current fiscal year.

About FS Bancorp

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.