Wall Street analysts forecast that FS Bancorp Inc (NASDAQ:FSBW) will post earnings per share of $1.15 for the current quarter, Zacks reports. Three analysts have made estimates for FS Bancorp’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $1.13. FS Bancorp posted earnings of $0.87 per share during the same quarter last year, which suggests a positive year over year growth rate of 32.2%. The firm is scheduled to report its next earnings report on Thursday, January 24th.
According to Zacks, analysts expect that FS Bancorp will report full year earnings of $4.55 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $5.52 per share, with EPS estimates ranging from $5.35 to $5.75. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.04). The firm had revenue of $17.66 million for the quarter, compared to analyst estimates of $17.96 million. FS Bancorp had a net margin of 21.47% and a return on equity of 12.76%.
A number of research analysts have commented on the stock. ValuEngine cut shares of FS Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Zacks Investment Research cut shares of FS Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, Raymond James decreased their target price on shares of FS Bancorp from $68.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, November 15th.
Shares of FSBW stock traded down $1.35 on Wednesday, hitting $46.39. 15,418 shares of the stock traded hands, compared to its average volume of 16,316. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.72. The stock has a market cap of $178.85 million, a price-to-earnings ratio of 11.12, a PEG ratio of 1.50 and a beta of 0.79. FS Bancorp has a twelve month low of $42.02 and a twelve month high of $66.40.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Thursday, November 8th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. FS Bancorp’s payout ratio is currently 13.43%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in FS Bancorp by 95.1% during the second quarter. Renaissance Technologies LLC now owns 124,694 shares of the bank’s stock worth $7,887,000 after purchasing an additional 60,794 shares during the period. BlackRock Inc. increased its stake in shares of FS Bancorp by 538.9% during the second quarter. BlackRock Inc. now owns 193,733 shares of the bank’s stock worth $12,252,000 after buying an additional 163,411 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of FS Bancorp by 45.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 68,297 shares of the bank’s stock worth $3,806,000 after buying an additional 21,405 shares during the period. Bank of America Corp DE increased its stake in FS Bancorp by 814.0% in the second quarter. Bank of America Corp DE now owns 15,163 shares of the bank’s stock valued at $959,000 after purchasing an additional 13,504 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in FS Bancorp by 80.9% in the second quarter. Bank of New York Mellon Corp now owns 21,038 shares of the bank’s stock valued at $1,331,000 after purchasing an additional 9,408 shares during the last quarter. 59.89% of the stock is currently owned by institutional investors.
FS Bancorp Company Profile
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 deposits.
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