Equities research analysts expect that FS Bancorp, Inc. (NASDAQ:FSBW) will report sales of $29.55 million for the current quarter, Zacks reports. Two analysts have provided estimates for FS Bancorp’s earnings, with estimates ranging from $28.60 million to $30.50 million. FS Bancorp reported sales of $26.36 million in the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The business is expected to announce its next earnings results on Friday, May 7th.
On average, analysts expect that FS Bancorp will report full year sales of $119.20 million for the current year, with estimates ranging from $118.10 million to $120.30 million. For the next financial year, analysts forecast that the firm will report sales of $116.70 million, with estimates ranging from $115.80 million to $117.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Sunday, April 25th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.91. FS Bancorp had a net margin of 25.17% and a return on equity of 16.29%.
Several research firms have weighed in on FSBW. Raymond James increased their price target on shares of FS Bancorp from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Monday. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a report on Wednesday, March 31st.
In other news, CEO Joseph C. Adams sold 19,632 shares of the firm’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $67.35, for a total transaction of $1,322,215.20. Also, Director Mark Tueffers sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $67.20, for a total transaction of $134,400.00. Following the transaction, the director now directly owns 1,120 shares in the company, valued at $75,264. The disclosure for this sale can be found here. 9.42% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in FS Bancorp by 18.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 369,711 shares of the bank’s stock valued at $20,260,000 after buying an additional 57,582 shares in the last quarter. BlackRock Inc. boosted its position in FS Bancorp by 15.1% in the fourth quarter. BlackRock Inc. now owns 217,547 shares of the bank’s stock valued at $11,923,000 after buying an additional 28,487 shares in the last quarter. Bank of New York Mellon Corp boosted its position in FS Bancorp by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 39,370 shares of the bank’s stock valued at $2,158,000 after buying an additional 3,328 shares in the last quarter. JPMorgan Chase & Co. boosted its position in FS Bancorp by 22.5% in the fourth quarter. JPMorgan Chase & Co. now owns 27,660 shares of the bank’s stock valued at $1,515,000 after buying an additional 5,088 shares in the last quarter. Finally, Globeflex Capital L P boosted its position in FS Bancorp by 7.0% in the fourth quarter. Globeflex Capital L P now owns 24,643 shares of the bank’s stock valued at $1,350,000 after buying an additional 1,619 shares in the last quarter. 56.98% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FSBW traded down $0.79 during mid-day trading on Tuesday, hitting $69.20. The stock had a trading volume of 11,961 shares, compared to its average volume of 13,659. FS Bancorp has a twelve month low of $32.51 and a twelve month high of $73.62. The stock has a market cap of $292.92 million, a price-to-earnings ratio of 9.01 and a beta of 1.27. The company’s 50 day simple moving average is $67.81 and its 200 day simple moving average is $58.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.96 and a current ratio of 1.09.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Thursday, May 6th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, May 5th. This is a boost from FS Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. FS Bancorp’s dividend payout ratio (DPR) is currently 20.23%.
FS Bancorp Company Profile
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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