DA Davidson Issues Positive Forecast for FS Bancorp Earnings

FS Bancorp, Inc. (NASDAQ:FSBW) – Analysts at DA Davidson upped their FY2024 earnings per share (EPS) estimates for shares of FS Bancorp in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $4.45 for the year, up from their previous forecast of $4.25. DA Davidson currently has a “Neutral” rating and a $44.00 price target on the stock. The consensus estimate for FS Bancorp’s current full-year earnings is $4.44 per share.

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday.

FS Bancorp Trading Down 2.5 %

NASDAQ FSBW opened at $43.63 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81. FS Bancorp has a twelve month low of $28.07 and a twelve month high of $47.01. The company has a market cap of $340.14 million, a price-to-earnings ratio of 9.53 and a beta of 0.93. The business’s fifty day moving average is $43.63 and its 200 day moving average is $38.18.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.15. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. The company had revenue of $53.01 million for the quarter, compared to the consensus estimate of $37.10 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSBW. Copeland Capital Management LLC bought a new position in FS Bancorp during the 3rd quarter worth $62,000. Lazard Asset Management LLC raised its position in shares of FS Bancorp by 64.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock worth $79,000 after acquiring an additional 897 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of FS Bancorp in the 3rd quarter worth about $103,000. O Shaughnessy Asset Management LLC raised its position in shares of FS Bancorp by 4.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock worth $268,000 after acquiring an additional 320 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of FS Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after acquiring an additional 434 shares in the last quarter. 63.88% of the stock is owned by institutional investors.

FS Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, November 7th. FS Bancorp’s dividend payout ratio is currently 23.58%.

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.