FS Bancorp (NASDAQ:FSBW) Announces Quarterly Earnings Results, Beats Estimates By $997.99 EPS

FS Bancorp (NASDAQ:FSBW) released its earnings results on Tuesday. The bank reported $999.00 EPS for the quarter, topping the consensus estimate of $1.01 by $997.99, Zacks reports. FS Bancorp had a return on equity of 11.08% and a net margin of 15.19%.

FS Bancorp Stock Performance

Shares of NASDAQ FSBW traded down $0.17 during trading hours on Tuesday, reaching $41.55. The stock had a trading volume of 13,594 shares, compared to its average volume of 10,836. The firm has a market cap of $311.63 million, a price-to-earnings ratio of 9.71 and a beta of 0.68. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. FS Bancorp has a fifty-two week low of $36.66 and a fifty-two week high of $44.22. The firm has a 50-day moving average of $39.99 and a 200-day moving average of $40.43.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were given a $0.29 dividend. This is a boost from FS Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. FS Bancorp’s payout ratio is currently 27.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FSBW shares. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. DA Davidson upped their price objective on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Institutional Trading of FS Bancorp

A number of large investors have recently bought and sold shares of FSBW. Russell Investments Group Ltd. boosted its stake in FS Bancorp by 1,852.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after purchasing an additional 667 shares during the period. BNP Paribas Financial Markets lifted its position in FS Bancorp by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the period. Tower Research Capital LLC TRC lifted its position in FS Bancorp by 489.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after acquiring an additional 1,644 shares during the period. Deutsche Bank AG acquired a new stake in FS Bancorp during the 4th quarter worth approximately $193,000. Finally, Marshall Wace LLP acquired a new stake in FS Bancorp during the 2nd quarter worth approximately $262,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.