FS Bancorp (NASDAQ:FSBW) Posts Earnings Results, Hits Expectations

FS Bancorp (NASDAQ:FSBWGet Free Report) posted its earnings results on Tuesday. The bank reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08, Zacks reports. The business had revenue of $5.24 million during the quarter, compared to the consensus estimate of $38.00 million. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%.

FS Bancorp Price Performance

Shares of NASDAQ:FSBW opened at $43.00 on Thursday. FS Bancorp has a one year low of $36.66 and a one year high of $45.85. The stock has a market capitalization of $232.63 million, a price-to-earnings ratio of 9.91 and a beta of 0.65. The company has a 50-day simple moving average of $42.05 and a 200-day simple moving average of $41.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04.

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 7th. FS Bancorp’s dividend payout ratio is presently 27.04%.

Analysts Set New Price Targets

Several research firms have commented on FSBW. Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. DA Davidson reissued a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Get Our Latest Research Report on FS Bancorp

Hedge Funds Weigh In On FS Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in FS Bancorp during the second quarter worth about $413,000. Squarepoint Ops LLC acquired a new stake in FS Bancorp in the fourth quarter valued at about $361,000. Marshall Wace LLP purchased a new stake in FS Bancorp in the 2nd quarter valued at approximately $262,000. Goldman Sachs Group Inc. boosted its holdings in FS Bancorp by 60.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 15,396 shares of the bank’s stock valued at $634,000 after purchasing an additional 5,830 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in FS Bancorp during the 4th quarter worth approximately $193,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

About FS Bancorp

(Get Free Report)

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.

See Also

Earnings History for FS Bancorp (NASDAQ:FSBW)

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