FS Bancorp, Inc.
FSBWFinancial Services · Stock · quarterly payer
Forward Yield
2.64%
Annual Dividend
$1.16
Payout Ratio
26%
5-Yr Growth
21.7%
Ex-Date
Aug 7, 2026
Frequency
Quarterly
Summary
As of September 2026, FS Bancorp, Inc. (FSBW) yields 2.64% ($1.16 per share annually), with a blended fair-value estimate of $90.70 — +107% upside, so it screens as undervalued. Dividend safety grade: A (88/100). 12 years of dividend growth.
Is FSBW a good dividend stock?
YesFS Bancorp, Inc. (FSBW) pays a quarterly dividend yielding 2.64% ($1.16/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (26%)
- Strong 21.7% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.64%
- Payout Ratio
- 26%
- Annual Dividend
- $1.16
- 5-Yr Avg Growth
- 21.7%
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.65
- Market Cap
- $341.8M
- P/E Ratio
- 9.9
- 5-Yr Total Return
- 27%
- 52-Week Range
- $36.66 – $45.85
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
Frequently Asked Questions
FSBW Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
+52%
5 Years
+27%
52-Week Range
$36.66 – $45.85
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FSBW worth?
Undervaluedlow confidenceOur blended fair-value estimate for FS Bancorp, Inc. is $90.70 per share, versus a market price of $43.87. That implies 107% of upside — a margin of safety of about 52%.
Fair Value
$90.70
Current Price
$43.87
Upside
+107%
Margin of Safety
52%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 6.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.6% discount rate (CAPM), 6.3% stage-1 growth, 2.5% terminal growth, $4.37 EPS, $1.16 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FSBW Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 7, 2026 | — | $0.2900 | regular |
| May 7, 2026 | — | $0.2900 | regular |
| Feb 6, 2026 | — | $0.2900 | regular |
| Nov 6, 2025 | — | $0.2800 | regular |
| Aug 7, 2025 | — | $0.5000 | regular |
| May 8, 2025 | — | $0.2800 | regular |
| Feb 6, 2025 | — | $0.2800 | regular |
| Nov 7, 2024 | — | $0.2700 | regular |
| Aug 7, 2024 | — | $0.2700 | regular |
| May 8, 2024 | — | $0.2600 | regular |
| Feb 7, 2024 | — | $0.2600 | regular |
| Nov 8, 2023 | — | $0.2500 | regular |
| Aug 9, 2023 | — | $0.2500 | regular |
| May 10, 2023 | — | $0.2500 | regular |
Income Calculator
At $1.16 / yr per share
