FS Bancorp (NASDAQ:FSBW) Releases Quarterly Earnings Results, Misses Expectations By $0.48 EPS

FS Bancorp (NASDAQ:FSBW) issued its earnings results on Wednesday. The bank reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.48), FiscalAI reports. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The company had revenue of $5.25 million during the quarter, compared to analyst estimates of $40.70 million.

FS Bancorp Stock Performance

FSBW stock traded down $0.52 during trading on Wednesday, hitting $44.33. 27,166 shares of the company’s stock traded hands, compared to its average volume of 17,620. The stock has a market capitalization of $329.46 million, a price-to-earnings ratio of 10.21 and a beta of 0.68. FS Bancorp has a 52 week low of $36.66 and a 52 week high of $45.85. The stock has a fifty day moving average price of $43.69 and a two-hundred day moving average price of $42.47. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17.

Analysts Set New Price Targets

FSBW has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of FS Bancorp in a research note on Friday, September 25th. Brean Capital cut FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Monday, July 27th. DA Davidson reaffirmed a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a report on Wednesday, July 22nd. Finally, Zacks Research raised FS Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.00.

Insider Activity

In other news, Director Terri Degner sold 1,694 shares of FS Bancorp stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $42.72, for a total value of $72,367.68. Following the completion of the transaction, the director directly owned 2,175 shares of the company’s stock, valued at approximately $92,916. The trade was a 43.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 12.90% of the company’s stock.

FS Bancorp Company Profile

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

1st Security Bank offers checking and savings accounts, certificates of deposit, commercial and small-business banking, residential and commercial real estate loans, construction financing, consumer loans and home equity products.