FS Bancorp (NASDAQ:FSBW) Releases Earnings Results, Beats Estimates By $0.01 EPS

FS Bancorp (NASDAQ:FSBW) announced its quarterly earnings results on Wednesday. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.01, Zacks reports. FS Bancorp had a net margin of 15.19% and a return on equity of 11.08%. The firm had revenue of $4.71 million during the quarter, compared to analysts’ expectations of $37.70 million.

FS Bancorp Stock Performance

NASDAQ FSBW traded up $0.19 during trading hours on Wednesday, reaching $41.74. The company’s stock had a trading volume of 1,152 shares, compared to its average volume of 10,708. FS Bancorp has a 52 week low of $36.66 and a 52 week high of $44.22. The stock has a market cap of $313.04 million, a PE ratio of 9.75 and a beta of 0.68. The business has a 50-day simple moving average of $39.99 and a 200 day simple moving average of $40.44. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

FS Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.16 annualized dividend and a yield of 2.8%. FS Bancorp’s dividend payout ratio is 27.10%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FSBW. DA Davidson boosted their target price on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Hedge Funds Weigh In On FS Bancorp

Several hedge funds have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of FS Bancorp by 4.7% during the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after acquiring an additional 446 shares during the period. AQR Capital Management LLC boosted its holdings in FS Bancorp by 3.4% in the fourth quarter. AQR Capital Management LLC now owns 15,256 shares of the bank’s stock valued at $628,000 after acquiring an additional 503 shares during the last quarter. Russell Investments Group Ltd. lifted its position in FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after acquiring an additional 667 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of FS Bancorp by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the period. Finally, Barclays PLC grew its stake in FS Bancorp by 2.8% during the fourth quarter. Barclays PLC now owns 28,035 shares of the bank’s stock valued at $1,154,000 after acquiring an additional 773 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.