Zacks: Analysts Anticipate FS Bancorp Inc (NASDAQ:FSBW) Will Post Earnings of $1.44 Per Share

Brokerages expect FS Bancorp Inc (NASDAQ:FSBW) to announce earnings of $1.44 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for FS Bancorp’s earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.48. FS Bancorp reported earnings of $1.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 24.1%. The business is scheduled to issue its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that FS Bancorp will report full-year earnings of $4.95 per share for the current financial year. For the next year, analysts forecast that the company will post earnings of $5.72 per share, with EPS estimates ranging from $5.45 to $5.90. Zacks’ EPS averages are an average based on a survey of analysts that cover FS Bancorp.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of FS Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. DA Davidson reissued a “neutral” rating on shares of FS Bancorp in a research note on Tuesday, July 30th. Finally, ValuEngine lowered shares of FS Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 24th.

FS Bancorp stock traded down $1.02 during midday trading on Thursday, reaching $48.92. 4,041 shares of the stock traded hands, compared to its average volume of 10,362. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $48.98 and a two-hundred day moving average price of $49.98. The firm has a market cap of $219.06 million, a price-to-earnings ratio of 10.48, a PEG ratio of 1.41 and a beta of 1.02. FS Bancorp has a fifty-two week low of $41.25 and a fifty-two week high of $59.76.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, August 7th. FS Bancorp’s payout ratio is 12.85%.

In other FS Bancorp news, VP Debra Lynn Steck sold 30,540 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $48.02, for a total transaction of $1,466,530.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.62% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of FS Bancorp by 99.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,021 shares of the bank’s stock worth $727,000 after acquiring an additional 7,000 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of FS Bancorp by 11.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 263,161 shares of the bank’s stock worth $13,650,000 after acquiring an additional 26,750 shares during the period. Jane Street Group LLC acquired a new stake in shares of FS Bancorp in the 2nd quarter worth approximately $246,000. Bank of America Corp DE lifted its stake in shares of FS Bancorp by 11.1% in the 2nd quarter. Bank of America Corp DE now owns 14,225 shares of the bank’s stock worth $738,000 after acquiring an additional 1,419 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of FS Bancorp by 6.4% in the 2nd quarter. BlackRock Inc. now owns 206,612 shares of the bank’s stock worth $10,716,000 after acquiring an additional 12,485 shares during the period. 57.49% of the stock is owned by institutional investors.

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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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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