FS Bancorp (NASDAQ:FSBW) Releases Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

FS Bancorp (NASDAQ:FSBWGet Free Report) announced its quarterly earnings results on Tuesday. The bank reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01, Zacks reports. FS Bancorp had a return on equity of 10.99% and a net margin of 14.91%.The company had revenue of $37.95 million during the quarter, compared to analysts’ expectations of $37.70 million.

FS Bancorp Stock Performance

NASDAQ:FSBW opened at $41.40 on Thursday. The company has a market capitalization of $310.58 million, a PE ratio of 9.65 and a beta of 0.68. The company has a 50 day simple moving average of $39.99 and a two-hundred day simple moving average of $40.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.01. FS Bancorp has a fifty-two week low of $36.66 and a fifty-two week high of $44.22.

FS Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 7th. FS Bancorp’s dividend payout ratio is currently 27.04%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. DA Davidson increased their price target on FS Bancorp from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, FS Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Check Out Our Latest Research Report on FSBW

Institutional Trading of FS Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in FS Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock valued at $17,224,000 after purchasing an additional 1,727 shares during the period. Geode Capital Management LLC raised its position in shares of FS Bancorp by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock worth $6,434,000 after acquiring an additional 826 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of FS Bancorp by 2.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock worth $3,429,000 after acquiring an additional 1,731 shares in the last quarter. Empowered Funds LLC raised its position in shares of FS Bancorp by 4.5% in the 4th quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock worth $1,640,000 after acquiring an additional 1,731 shares in the last quarter. Finally, Aristides Capital LLC raised its position in shares of FS Bancorp by 4.3% in the 4th quarter. Aristides Capital LLC now owns 33,041 shares of the bank’s stock worth $1,360,000 after acquiring an additional 1,350 shares in the last quarter. 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.

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