FS Bancorp (NASDAQ:FSBW) Announces Quarterly Earnings Results

FS Bancorp (NASDAQ:FSBW) issued its earnings results on Wednesday. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.48), FiscalAI reports. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The firm had revenue of $5.25 million for the quarter, compared to the consensus estimate of $40.70 million.

FS Bancorp Price Performance

FS Bancorp stock opened at $44.33 on Thursday. The stock has a market capitalization of $329.37 million, a P/E ratio of 10.21 and a beta of 0.68. The company’s fifty day moving average price is $43.70 and its 200 day moving average price is $42.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10. FS Bancorp has a 1 year low of $36.66 and a 1 year high of $45.85.

FS Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 6th. FS Bancorp’s dividend payout ratio (DPR) is presently 26.73%.

Insider Activity at FS Bancorp

In other FS Bancorp news, Director Terri Degner sold 975 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $43.25, for a total transaction of $42,168.75. Following the completion of the transaction, the director owned 1,200 shares of the company’s stock, valued at $51,900. This represents a 44.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FSBW shares. DA Davidson restated a “neutral” rating and issued a $45.00 target price on shares of FS Bancorp in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FS Bancorp in a research report on Friday, September 25th. Brean Capital lowered FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Monday, July 27th. Finally, Zacks Research upgraded FS Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.00.

About FS Bancorp

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

1st Security Bank offers checking and savings accounts, certificates of deposit, commercial and small-business banking, residential and commercial real estate loans, construction financing, consumer loans and home equity products.