FS Bancorp (NASDAQ:FSBW) Announces Quarterly Earnings Results

FS Bancorp (NASDAQ:FSBW) posted its quarterly earnings data on Tuesday. The bank reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05), Zacks reports. FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%.The firm had revenue of $5.24 million for the quarter, compared to analysts’ expectations of $38.00 million.

FS Bancorp Stock Performance

Shares of FS Bancorp stock opened at $44.04 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $41.99 and its two-hundred day moving average is $41.14. FS Bancorp has a 52 week low of $36.66 and a 52 week high of $45.85. The company has a market capitalization of $238.48 million, a PE ratio of 10.27 and a beta of 0.65.

FS Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given 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, August 7th. FS Bancorp’s dividend payout ratio is 27.04%.

Institutional Trading of FS Bancorp

A number of large investors have recently made changes to their positions in FSBW. Deutsche Bank AG bought a new position in shares of FS Bancorp in the fourth quarter worth about $193,000. Wells Fargo & Company MN lifted its holdings in FS Bancorp by 44.7% during the 4th quarter. Wells Fargo & Company MN now owns 7,239 shares of the bank’s stock valued at $298,000 after buying an additional 2,235 shares in the last quarter. Squarepoint Ops LLC bought a new stake in FS Bancorp during the 4th quarter valued at about $361,000. Rhumbline Advisers boosted its position in FS Bancorp by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after buying an additional 446 shares during the period. Finally, Jane Street Group LLC purchased a new stake in FS Bancorp in the 2nd quarter valued at about $413,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One 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 has a consensus rating of “Moderate Buy” and a consensus target price 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.