FS Bancorp Inc (NASDAQ:FSBW) – Equities research analysts at DA Davidson raised their Q2 2019 earnings estimates for shares of FS Bancorp in a research note issued on Monday, April 29th, Zacks Investment Research reports. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings of $1.48 per share for the quarter, up from their previous estimate of $1.45. DA Davidson also issued estimates for FS Bancorp’s Q3 2019 earnings at $1.53 EPS and Q4 2019 earnings at $1.44 EPS.
Several other research analysts have also recently weighed in on the company. ValuEngine raised FS Bancorp from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research cut FS Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd.
FSBW stock traded up $0.04 during trading hours on Wednesday, hitting $50.54. 10,813 shares of the stock traded hands, compared to its average volume of 10,748. FS Bancorp has a one year low of $41.25 and a one year high of $66.40. The stock has a market capitalization of $230.02 million, a P/E ratio of 10.82, a P/E/G ratio of 1.36 and a beta of 0.98. The company has a quick ratio of 1.08, a current ratio of 1.07 and a debt-to-equity ratio of 0.55.
FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Thursday, April 25th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.09). FS Bancorp had a return on equity of 12.15% and a net margin of 25.72%. The business had revenue of $22.24 million during the quarter, compared to the consensus estimate of $22.36 million.
Several large investors have recently added to or reduced their stakes in FSBW. Context BH Capital Management LP boosted its position in shares of FS Bancorp by 137.5% in the 4th quarter. Context BH Capital Management LP now owns 144,482 shares of the bank’s stock valued at $6,195,000 after purchasing an additional 83,644 shares during the period. Stilwell Value LLC boosted its position in shares of FS Bancorp by 81.6% in the 4th quarter. Stilwell Value LLC now owns 158,170 shares of the bank’s stock valued at $6,782,000 after purchasing an additional 71,070 shares during the period. BlackRock Inc. boosted its position in shares of FS Bancorp by 20.3% in the 4th quarter. BlackRock Inc. now owns 195,350 shares of the bank’s stock valued at $8,375,000 after purchasing an additional 32,949 shares during the period. Vanguard Group Inc boosted its position in shares of FS Bancorp by 20.4% in the 3rd quarter. Vanguard Group Inc now owns 187,059 shares of the bank’s stock valued at $10,423,000 after purchasing an additional 31,724 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of FS Bancorp by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 187,059 shares of the bank’s stock valued at $10,423,000 after purchasing an additional 31,724 shares during the period. Institutional investors and hedge funds own 55.49% of the company’s stock.
In related news, Director Mark Tueffers sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $52.33, for a total transaction of $136,058.00. Following the completion of the transaction, the director now owns 3,450 shares of the company’s stock, valued at $180,538.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.62% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.60 annualized dividend and a yield of 1.19%. FS Bancorp’s dividend payout ratio is currently 12.85%.
About FS Bancorp
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.