Equity research analysts expect FS Bancorp, Inc. (NASDAQ:FSBW – Get a rating) to report sales of $28.55 million for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for FS Bancorp, with the highest sales estimate of $28.80 million and the lowest estimate of $28.30 million. FS Bancorp posted sales of $29.41 million in the same quarter last year, suggesting a negative growth rate of 2.9% year-over-year. The company is expected to announce its next results on Monday, January 1.
According to Zacks, analysts expect FS Bancorp to report annual sales of $115.95 million for the current year, with estimates ranging from $114.30 million to $117.60 million. For the next fiscal year, analysts expect the company to post sales of $124.85 million, with estimates ranging from $121.40 million to $128.30 million. Zacks Investment Research sales averages are an average based on a survey of research companies that cover FS Bancorp.
FS Bancorp (NASDAQ:FSBW – Get a rating) last announced its quarterly results on Thursday, April 28. The bank reported earnings per share of $0.81 for the quarter, beating the consensus estimate of $0.71 by $0.10. FS Bancorp had a net margin of 25.20% and a return on equity of 13.42%.
The FSBW has been the subject of several reports by research analysts. StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a Monday, May 2, report.
Shares of FSBW opened at $30.27 on Friday. The company has a market capitalization of $239.34 million, a P/E ratio of 8.05 and a beta of 1.13. FS Bancorp has a 12-month low of $28.09 and a 12-month high of $36.85. The company’s 50-day moving average price is $30.08 and its 200-day moving average price is $32.13. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt ratio of 0.36.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 26. Shareholders of record on Thursday, May 12 received a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 11. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.20. This represents a dividend of $1.20 on an annualized basis and a yield of 3.96%. FS Bancorp’s dividend payout ratio is 21.28%.
Separately, director Margaret R. Piesik sold 2,500 shares of the company in a transaction that took place on Tuesday, May 10. The shares were sold at an average price of $29.94, for a total transaction of $74,850.00. Following the sale, the administrator now directly owns 13,670 shares of the company, valued at $409,279.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Also, director Marc Tueffers sold 2,000 shares of the company in a transaction that took place on Wednesday, May 25. The stock was sold at an average price of $29.77, for a total transaction of $59,540.00. Following the sale, the director now owns 1,180 shares of the company, valued at $35,128.60. Disclosure of this sale can be found here. Insiders sold 10,700 shares of the company worth $314,941 during the last quarter. Insiders hold 10.64% of the shares of the company.
Several hedge funds have recently increased or reduced their holdings in the stock. Goldman Sachs Group Inc. increased its stake in FS Bancorp shares by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 12,834 shares of the bank worth $398,000 after purchasing an additional 834 shares during the period. State Street Corp increased its stake in FS Bancorp by 1.2% in the first quarter. State Street Corp now owns 138,948 shares of the bank valued at $4,307,000 after buying an additional 1,619 shares last quarter. Charles Schwab Investment Management Inc. increased its holdings in FS Bancorp by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,387 shares of the bank valued at $601,000 after buying 563 additional shares last quarter. EJF Capital LLC increased its stake in FS Bancorp by 4.1% in the first quarter. EJF Capital LLC now owns 383,087 shares of the bank valued at $11,876,000 after purchasing an additional 15,000 shares last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in FS Bancorp by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 322,195 shares of the bank valued at $9,988,000 after buying 8,258 additional shares last quarter. Hedge funds and other institutional investors hold 64.60% of the company’s shares.
About FS Bancorp (Get a rating)
FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington which 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 loan. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in FS Bancorp right now?
Before you consider FS Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and FS Bancorp was not on the list.
Although FS Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here