FS Bancorp (NASDAQ:FSBW) Releases Earnings Results, Misses Expectations By $0.09 EPS

FS Bancorp (NASDAQ:FSBW) announced its quarterly earnings data on Tuesday. The bank reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.09), FiscalAI reports. FS Bancorp had a net margin of 14.91% and a return on equity of 10.88%. The firm had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million.

FS Bancorp Trading Up 2.4%

NASDAQ:FSBW traded up $1.02 during trading hours on Tuesday, reaching $44.04. 36,511 shares of the stock were exchanged, compared to its average volume of 13,901. FS Bancorp has a twelve month low of $36.66 and a twelve month high of $45.85. The business has a 50-day moving average of $41.91 and a two-hundred day moving average of $41.12. The company has a market capitalization of $238.26 million, a price-to-earnings ratio of 10.27 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

Hedge Funds Weigh In On FS Bancorp

Hedge funds have recently bought and sold shares of the company. Trexquant Investment LP increased its stake in FS Bancorp by 60.4% during the fourth quarter. Trexquant Investment LP now owns 10,568 shares of the bank’s stock worth $435,000 after purchasing an additional 3,978 shares during the period. Squarepoint Ops LLC purchased a new position in shares of FS Bancorp in the fourth quarter valued at approximately $361,000. Barclays PLC grew its holdings in shares of FS Bancorp by 2.8% in the fourth quarter. Barclays PLC now owns 28,035 shares of the bank’s stock valued at $1,154,000 after purchasing an additional 773 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in FS Bancorp by 60.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 15,396 shares of the bank’s stock worth $634,000 after buying an additional 5,830 shares during the period. Finally, Two Sigma Investments LP increased its stake in FS Bancorp by 14.5% during the 3rd quarter. Two Sigma Investments LP now owns 26,316 shares of the bank’s stock worth $1,051,000 after buying an additional 3,331 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

About FS Bancorp

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.