FS Bancorp, Inc. (FSBW) to Issue Quarterly Dividend of $0.26 on May 23rd

FS Bancorp, Inc. (NASDAQ:FSBW) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors of record on Thursday, May 9th will be paid a dividend of 0.26 per share by the bank on Thursday, May 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Wednesday, May 8th.

FS Bancorp has increased its dividend payment by an average of 33.5% per year over the last three years and has increased its dividend every year for the last 11 years. FS Bancorp has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FS Bancorp to earn $4.42 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 23.5%.

FS Bancorp Stock Performance

NASDAQ FSBW opened at $32.80 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $256.17 million, a PE ratio of 7.16 and a beta of 0.95. FS Bancorp has a 52-week low of $27.32 and a 52-week high of $38.70. The company has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $33.17.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

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.