FS Bancorp, Inc. (FSBW) Declares Quarterly Dividend of $0.11
FS Bancorp, Inc. (NASDAQ:FSBW) announced a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Stockholders of record on Wednesday, August 9th will be paid a dividend of 0.11 per share by the bank on Thursday, August 24th. This represents a $0.44 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, August 7th.
Shares of FS Bancorp (FSBW) traded up 2.12% during midday trading on Friday, hitting $45.70. The stock had a trading volume of 8,572 shares. The stock has a 50 day moving average of $44.15 and a 200-day moving average of $40.59. The company has a market cap of $133.49 million, a P/E ratio of 10.72 and a beta of 0.43. FS Bancorp has a one year low of $26.55 and a one year high of $46.45.
In other FS Bancorp news, CEO Joseph C. Adams sold 4,446 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total transaction of $199,180.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Drew B. Ness sold 4,779 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $43.88, for a total value of $209,702.52. Following the sale, the chief operating officer now owns 12,721 shares in the company, valued at approximately $558,197.48. The disclosure for this sale can be found here. Insiders sold 10,946 shares of company stock valued at $483,764 in the last three months. 13.19% of the stock is currently owned by company insiders.
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A number of brokerages recently commented on FSBW. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Wednesday. ValuEngine raised FS Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. began coverage on FS Bancorp in a report on Wednesday, April 19th. They issued an “outperform” rating and a $43.00 price target for the company. Finally, FIG Partners began coverage on FS Bancorp in a report on Monday, April 17th. They issued an “outperform” rating and a $44.00 price target for the company.
FS Bancorp Company Profile
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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