DA Davidson Analysts Cut Earnings Estimates for FS Bancorp, Inc. (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW) – DA Davidson dropped their FY2024 earnings per share (EPS) estimates for FS Bancorp in a note issued to investors on Wednesday, May 1st. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $4.10 for the year, down from their previous forecast of $4.30. The consensus estimate for FS Bancorp’s current full-year earnings is $4.21 per share. DA Davidson also issued estimates for FS Bancorp’s FY2025 earnings at $4.30 EPS.

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

FS Bancorp Price Performance

Shares of FS Bancorp stock opened at $32.80 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $32.58 and a 200-day simple moving average of $33.15. The stock has a market capitalization of $256.04 million, a price-to-earnings ratio of 7.16 and a beta of 0.95. FS Bancorp has a 1-year low of $27.32 and a 1-year high of $38.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of FS Bancorp in the third quarter worth $46,000. SG Americas Securities LLC bought a new position in shares of FS Bancorp during the 4th quarter worth about $119,000. O Shaughnessy Asset Management LLC raised its position in shares of FS Bancorp by 5.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after buying an additional 389 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of FS Bancorp by 45.2% in the fourth quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock valued at $374,000 after buying an additional 3,152 shares during the period. Finally, Panagora Asset Management Inc. grew its position in FS Bancorp by 69.7% during the third quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock worth $440,000 after buying an additional 6,121 shares in the last quarter. 63.88% of the stock is owned by institutional investors.

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Wednesday, May 8th. FS Bancorp’s dividend payout ratio (DPR) is currently 22.71%.

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.