Equities research analysts expect that FS Bancorp (NASDAQ:FSBW) will post $16.59 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for FS Bancorp’s earnings. The lowest sales estimate is $16.50 million and the highest is $16.70 million. FS Bancorp reported sales of $14.40 million in the same quarter last year, which indicates a positive year over year growth rate of 15.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that FS Bancorp will report full year sales of $70.96 million for the current financial year, with estimates ranging from $69.69 million to $72.40 million. For the next fiscal year, analysts expect that the business will report sales of $78.18 million per share, with estimates ranging from $74.74 million to $81.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Thursday, January 25th. The bank reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.05). FS Bancorp had a return on equity of 13.26% and a net margin of 20.05%. The firm had revenue of $16.56 million for the quarter, compared to analyst estimates of $17.14 million.
A number of research firms have recently commented on FSBW. ValuEngine cut FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $50.75.
In other news, Director Mark Tueffers sold 2,400 shares of FS Bancorp stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $56.25, for a total transaction of $135,000.00. Following the sale, the director now owns 200 shares in the company, valued at $11,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ted A. Leech sold 5,000 shares of FS Bancorp stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $54.47, for a total value of $272,350.00. The disclosure for this sale can be found here. 11.63% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in shares of FS Bancorp during the fourth quarter worth about $122,000. Wells Fargo & Company MN grew its holdings in shares of FS Bancorp by 228.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,753 shares of the bank’s stock worth $150,000 after buying an additional 1,915 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of FS Bancorp during the fourth quarter worth about $177,000. First Trust Advisors LP purchased a new position in shares of FS Bancorp during the fourth quarter worth about $242,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of FS Bancorp during the fourth quarter worth about $283,000. 50.79% of the stock is currently owned by hedge funds and other institutional investors.
FSBW opened at $56.54 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.03. FS Bancorp has a one year low of $37.51 and a one year high of $59.81. The stock has a market cap of $208.52, a PE ratio of 13.55, a PEG ratio of 1.21 and a beta of 0.50.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 30th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.11. FS Bancorp’s payout ratio is 10.55%.
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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 families, businesses, and industry niches in Puget Sound area communities, Washington. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposits.
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