FS Bancorp, Inc. (NASDAQ: FSBW) to report earnings of $ 0.85 per share

Equity research analysts expect FS Bancorp, Inc. (NASDAQ: FSBW) to report earnings per share (EPS) of $ 0.85 for the current quarter, Zacks reports. Two analysts have made estimates for FS Bancorp’s earnings. The lowest EPS estimate is $ 0.72 and the highest is $ 0.95. FS Bancorp posted earnings per share of $ 1.30 in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.6%. The company is expected to release its next results on Thursday, January 27.

According to Zacks, analysts expect FS Bancorp to report annual earnings of $ 4.14 per share for the current year, with EPS estimates ranging from $ 4.03 to $ 4.24. For next year, analysts predict the company will report earnings of $ 3.26 per share, with EPS estimates ranging from $ 2.80 to $ 3.50. Zacks’ BPA calculations are an average based on a survey of seller-side research analysts who cover FS Bancorp.

FS Bancorp (NASDAQ: FSBW) last reported its quarterly results on Wednesday, October 27. The bank reported earnings of $ 0.97 per share for the quarter, beating analyst consensus estimates of $ 0.89 by $ 0.08. FS Bancorp had a return on equity of 16.85% and a net margin of 28.88%. The company posted revenue of $ 31.05 million in the quarter, compared to analysts’ expectations of $ 29.25 million.

Separately, Zacks Investment Research downgraded FS Bancorp from a “hold” rating to a “buy” rating and set a price target of $ 39.00 on the stock in a research note on Tuesday, November 2.

Separately, insider Dennis V. O’leary sold 5,220 shares of the company in a trade dated Thursday, November 11. The stock was sold for an average price of $ 35.48, for a total trade of $ 185,205.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In addition, insider Dennis V. O’leary sold 5,000 shares of the company in a trade dated Tuesday, November 23. The shares were sold for an average price of $ 35.21, for a total value of $ 176,050.00. Disclosure of this sale can be found here. Insiders sold 15,320 shares of the company valued at $ 543,071 during the last quarter. 11.26% of the shares are currently held by insiders.

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Several hedge funds have recently increased or reduced their holdings in FSBW. Tradewinds Capital Management LLC increased its stake in the shares of FS Bancorp by 100.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 724 shares of the bank valued at $ 25,000 after purchasing an additional 362 shares during the period. Citigroup Inc. increased its stake in FS Bancorp by 342.9% during the 3rd quarter. Citigroup Inc. now owns 815 shares of the bank valued at $ 28,000 after purchasing an additional 631 shares last quarter. BNP Paribas Arbitrage SA strengthened its position in FS Bancorp by 251.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,026 shares of the bank valued at $ 70,000 after purchasing 1,450 additional shares during the last quarter. Advisor Group Holdings Inc. increased its stake in FS Bancorp by 91.3% in the third quarter. Advisor Group Holdings Inc. now owns 3,400 shares of the bank valued at $ 118,000 after purchasing an additional 1,623 shares in the last quarter. Finally, American International Group Inc. increased its holdings of FS Bancorp shares by 89.9% during the third quarter. American International Group Inc. now owns 3,908 shares of the bank valued at $ 135,000 after purchasing an additional 1,850 shares in the last quarter. Institutional investors hold 31.67% of the company’s shares.

FS Bancorp stock opened at $ 33.37 on Friday. The company has a debt to equity ratio of 0.38, a quick ratio of 0.93, and a current ratio of 0.99. The company’s 50-day simple moving average is $ 34.52 and its 200-day simple moving average is $ 30.18. The company has a market cap of $ 273.30 million, a PE ratio of 7.27 and a beta of 1.22. FS Bancorp has a 52 week low of $ 26.40 and a 52 week high of $ 36.85.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24. Shareholders of record on Thursday, November 11 received a dividend of $ 0.15. The ex-dividend date was Tuesday, November 9. This is a positive change from FS Bancorp’s previous quarterly dividend of $ 0.14. This represents a dividend of $ 0.60 on an annualized basis and a dividend yield of 1.80%. FS Bancorp’s payout ratio is currently 13.07%.

About FS Bancorp

FS Bancorp, Inc. operates as a banking holding company, which provides banking and financial services through its subsidiary. It operates through the commercial and personal banking and mortgage segments. The Commercial and Consumer Banking segment focuses on diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ABMs), online banking platforms, mobile banking applications and telephone banking services.

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