FS Bancorp Inc (NASDAQ:FSBW) Expected to Post Earnings of $1.57 Per Share

Analysts expect FS Bancorp Inc (NASDAQ:FSBW) to report $1.57 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for FS Bancorp’s earnings. The highest EPS estimate is $1.57 and the lowest is $1.56. FS Bancorp reported earnings per share of $1.23 in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.6%. The business is scheduled to report its next earnings report on Monday, January 27th.

On average, analysts expect that FS Bancorp will report full year earnings of $5.28 per share for the current fiscal year, with EPS estimates ranging from $5.27 to $5.28. For the next fiscal year, analysts expect that the company will report earnings of $6.05 per share, with EPS estimates ranging from $5.85 to $6.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for FS Bancorp.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Thursday, October 24th. The bank reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $24.48 million for the quarter, compared to analysts’ expectations of $23.82 million. FS Bancorp had a net margin of 24.60% and a return on equity of 12.13%.

FSBW has been the subject of several research analyst reports. ValuEngine lowered shares of FS Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, October 8th. BidaskClub upgraded shares of FS Bancorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, DA Davidson restated a “neutral” rating on shares of FS Bancorp in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.00.

FSBW traded down $0.29 during trading on Thursday, reaching $59.47. The stock had a trading volume of 4,700 shares, compared to its average volume of 13,480. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.07. FS Bancorp has a one year low of $41.25 and a one year high of $60.31. The business has a 50-day moving average of $54.38 and a 200-day moving average of $50.72. The stock has a market cap of $266.10 million, a PE ratio of 12.73 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.20 per share. This is an increase from FS Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. FS Bancorp’s dividend payout ratio (DPR) is currently 17.13%.

In other FS Bancorp news, insider Robert B. Fuller sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $57.14, for a total transaction of $228,560.00. Following the completion of the transaction, the insider now owns 11,660 shares of the company’s stock, valued at $666,252.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,440 shares of company stock valued at $253,846 in the last ninety days. Insiders own 8.62% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of FS Bancorp by 11.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 263,161 shares of the bank’s stock valued at $13,650,000 after acquiring an additional 26,750 shares in the last quarter. BlackRock Inc. increased its position in shares of FS Bancorp by 6.4% during the second quarter. BlackRock Inc. now owns 206,612 shares of the bank’s stock valued at $10,716,000 after acquiring an additional 12,485 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of FS Bancorp by 2.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 98,512 shares of the bank’s stock valued at $5,110,000 after acquiring an additional 1,995 shares in the last quarter. Northern Trust Corp increased its position in shares of FS Bancorp by 2.4% during the second quarter. Northern Trust Corp now owns 45,857 shares of the bank’s stock valued at $2,379,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of FS Bancorp by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 34,564 shares of the bank’s stock valued at $1,793,000 after acquiring an additional 1,945 shares in the last quarter. 58.20% of the stock is 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 deposit.

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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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