Wall Street brokerages expect that FS Bancorp Inc (NASDAQ:FSBW) will report sales of $22.56 million for the current quarter, Zacks reports. Three analysts have made estimates for FS Bancorp’s earnings, with the highest sales estimate coming in at $23.70 million and the lowest estimate coming in at $21.87 million. FS Bancorp reported sales of $16.52 million in the same quarter last year, which would suggest a positive year over year growth rate of 36.6%. The company is expected to report its next earnings results on Thursday, April 25th.
On average, analysts expect that FS Bancorp will report full year sales of $94.20 million for the current year, with estimates ranging from $91.40 million to $98.90 million. For the next financial year, analysts forecast that the company will report sales of $99.52 million, with estimates ranging from $95.90 million to $102.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last released its earnings results on Monday, January 28th. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.08. The business had revenue of $27.23 million for the quarter, compared to analyst estimates of $20.03 million. FS Bancorp had a return on equity of 13.98% and a net margin of 27.30%.
In related news, Director Mark Tueffers sold 2,600 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $52.33, for a total transaction of $136,058.00. Following the transaction, the director now owns 3,450 shares of the company’s stock, valued at $180,538.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.63% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. American International Group Inc. grew its holdings in FS Bancorp by 18.8% during the fourth quarter. American International Group Inc. now owns 2,489 shares of the bank’s stock worth $107,000 after acquiring an additional 393 shares during the period. Knott David M acquired a new position in FS Bancorp during the fourth quarter worth $154,000. Bank of Montreal Can grew its holdings in FS Bancorp by 19.2% during the fourth quarter. Bank of Montreal Can now owns 3,651 shares of the bank’s stock worth $156,000 after acquiring an additional 588 shares during the period. QS Investors LLC acquired a new position in FS Bancorp during the fourth quarter worth $198,000. Finally, Rhumbline Advisers acquired a new position in FS Bancorp during the fourth quarter worth $205,000. 66.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:FSBW traded up $1.48 during trading on Friday, reaching $51.26. The company had a trading volume of 23,686 shares, compared to its average volume of 11,778. The firm has a market cap of $188.87 million, a P/E ratio of 10.98, a PEG ratio of 1.33 and a beta of 1.00. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.72. FS Bancorp has a fifty-two week low of $41.25 and a fifty-two week high of $66.40.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 5th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.14. FS Bancorp’s dividend payout ratio is currently 12.85%.
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 deposits.
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