FS Bancorp, Inc. (NASDAQ:FSBW) – Investment analysts at FIG Partners reduced their Q4 2017 EPS estimates for shares of FS Bancorp in a note issued to investors on Monday. FIG Partners analyst T. Coffey now anticipates that the bank will earn $0.93 per share for the quarter, down from their prior estimate of $0.95. FIG Partners also issued estimates for FS Bancorp’s Q3 2018 earnings at $0.96 EPS and FY2019 earnings at $4.39 EPS.
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A number of other research firms also recently commented on FSBW. DA Davidson started coverage on shares of FS Bancorp in a research note on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price objective for the company. ValuEngine upgraded shares of FS Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, August 2nd. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $47.75.
FS Bancorp (NASDAQ FSBW) opened at 49.888 on Thursday. The firm’s 50-day moving average price is $47.90 and its 200 day moving average price is $43.29. FS Bancorp has a 12-month low of $27.80 and a 12-month high of $51.72. The company has a market capitalization of $145.72 million, a price-to-earnings ratio of 11.694 and a beta of 0.41.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Wednesday, August 9th were issued a $0.11 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.88%. FS Bancorp’s payout ratio is 10.23%.
In other news, CEO Joseph C. Adams sold 4,446 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $44.80, for a total value of $199,180.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.19% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of FS Bancorp by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock valued at $271,000 after purchasing an additional 30 shares during the period. Seizert Capital Partners LLC raised its holdings in shares of FS Bancorp by 4.9% in the 2nd quarter. Seizert Capital Partners LLC now owns 16,855 shares of the bank’s stock valued at $757,000 after purchasing an additional 789 shares during the period. LSV Asset Management raised its holdings in shares of FS Bancorp by 5.4% in the 2nd quarter. LSV Asset Management now owns 17,512 shares of the bank’s stock valued at $781,000 after purchasing an additional 900 shares during the period. Vanguard Group Inc. raised its holdings in shares of FS Bancorp by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock valued at $2,932,000 after purchasing an additional 2,894 shares during the period. Finally, Context BH Capital Management LP raised its holdings in shares of FS Bancorp by 8.5% in the 2nd quarter. Context BH Capital Management LP now owns 42,343 shares of the bank’s stock valued at $1,853,000 after purchasing an additional 3,322 shares during the period. 29.50% of the stock is currently owned by institutional investors.
About FS Bancorp
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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