FS Bancorp Inc (FSBW) Expected to Announce Earnings of $1.30 Per Share
Equities analysts expect FS Bancorp Inc (NASDAQ:FSBW) to post earnings of $1.30 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for FS Bancorp’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.48. FS Bancorp posted earnings of $1.13 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15%. The firm is expected to issue its next earnings report on Thursday, July 25th.
According to Zacks, analysts expect that FS Bancorp will report full year earnings of $5.36 per share for the current financial year, with EPS estimates ranging from $5.05 to $5.60. For the next year, analysts expect that the company will post earnings of $5.90 per share, with EPS estimates ranging from $5.81 to $6.00. Zacks’ earnings per share averages are an average based on a survey of research firms that follow FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Thursday, April 25th. The bank reported $1.18 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.09). The business had revenue of $22.24 million during the quarter, compared to analyst estimates of $22.36 million. FS Bancorp had a net margin of 25.72% and a return on equity of 12.15%.
Shares of FSBW stock traded up $1.16 during trading hours on Wednesday, hitting $51.66. The company’s stock had a trading volume of 10,063 shares, compared to its average volume of 10,742. The firm has a market capitalization of $230.02 million, a PE ratio of 11.06, a P/E/G ratio of 1.36 and a beta of 0.98. FS Bancorp has a twelve month low of $41.25 and a twelve month high of $66.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.08.
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 given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. FS Bancorp’s dividend payout ratio (DPR) is currently 12.85%.
In related news, Director Mark Tueffers sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $52.33, for a total transaction of $136,058.00. Following the sale, the director now owns 3,450 shares in the company, valued at $180,538.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.62% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in FS Bancorp by 1.9% during the first quarter. Wells Fargo & Company MN now owns 17,651 shares of the bank’s stock worth $891,000 after acquiring an additional 332 shares in the last quarter. American International Group Inc. boosted its stake in shares of FS Bancorp by 18.8% in the 4th quarter. American International Group Inc. now owns 2,489 shares of the bank’s stock valued at $107,000 after purchasing an additional 393 shares during the last quarter. Northern Trust Corp boosted its stake in shares of FS Bancorp by 1.1% in the 1st quarter. Northern Trust Corp now owns 44,791 shares of the bank’s stock valued at $2,261,000 after purchasing an additional 496 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of FS Bancorp by 19.2% in the 4th quarter. Bank of Montreal Can now owns 3,651 shares of the bank’s stock valued at $156,000 after purchasing an additional 588 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of FS Bancorp by 2,590.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 807 shares of the bank’s stock valued at $41,000 after purchasing an additional 777 shares during the last quarter. Hedge funds and other institutional investors own 55.49% 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 deposit.
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