FS Bancorp Inc (NASDAQ:FSBW) – Equities research analysts at DA Davidson dropped their FY2018 earnings estimates for FS Bancorp in a report issued on Monday, October 29th. DA Davidson analyst J. Rulis now anticipates that the bank will earn $4.55 per share for the year, down from their prior estimate of $4.70. DA Davidson also issued estimates for FS Bancorp’s Q4 2018 earnings at $1.19 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.46 EPS, Q4 2019 earnings at $1.32 EPS, FY2019 earnings at $5.75 EPS and FY2020 earnings at $6.00 EPS.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, July 31st. ValuEngine cut shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th.
Shares of NASDAQ:FSBW opened at $45.34 on Wednesday. The firm has a market capitalization of $164.96 million, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48. FS Bancorp has a 52 week low of $42.02 and a 52 week high of $66.40. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.06 and a current ratio of 1.13.
FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Thursday, October 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). The business had revenue of $17.66 million during the quarter, compared to analysts’ expectations of $17.96 million. FS Bancorp had a return on equity of 12.95% and a net margin of 21.47%.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Thursday, November 8th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, November 7th. FS Bancorp’s payout ratio is presently 13.43%.
In other FS Bancorp news, insider Robert B. Fuller sold 3,500 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $59.05, for a total value of $206,675.00. Following the transaction, the insider now owns 10,185 shares in the company, valued at $601,424.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph C. Adams sold 4,446 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $59.69, for a total transaction of $265,381.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,346 shares of company stock worth $495,861. 11.63% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in FSBW. BlackRock Inc. increased its position in shares of FS Bancorp by 538.9% in the second quarter. BlackRock Inc. now owns 193,733 shares of the bank’s stock valued at $12,252,000 after acquiring an additional 163,411 shares during the period. Renaissance Technologies LLC increased its position in shares of FS Bancorp by 95.1% in the second quarter. Renaissance Technologies LLC now owns 124,694 shares of the bank’s stock valued at $7,887,000 after acquiring an additional 60,794 shares during the period. Northern Trust Corp increased its position in shares of FS Bancorp by 312.5% in the second quarter. Northern Trust Corp now owns 37,389 shares of the bank’s stock valued at $2,365,000 after acquiring an additional 28,324 shares during the period. Millennium Management LLC increased its position in shares of FS Bancorp by 116.2% in the first quarter. Millennium Management LLC now owns 52,245 shares of the bank’s stock valued at $2,795,000 after acquiring an additional 28,077 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of FS Bancorp by 45.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 68,297 shares of the bank’s stock valued at $3,806,000 after acquiring an additional 21,405 shares during the period. Hedge funds and other institutional investors own 58.76% of the company’s stock.
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 deposits.
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