FS Bancorp (NASDAQ:FSBW) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

FS Bancorp (NASDAQ:FSBW) posted its earnings results on Tuesday. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.01, Zacks reports. FS Bancorp had a return on equity of 10.99% and a net margin of 14.91%.The company had revenue of $37.95 million during the quarter, compared to analysts’ expectations of $37.70 million.

FS Bancorp Stock Down 0.4%

Shares of FSBW opened at $41.40 on Thursday. The stock has a market capitalization of $310.50 million, a PE ratio of 9.65 and a beta of 0.68. FS Bancorp has a 1 year low of $36.66 and a 1 year high of $44.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.01. The company’s 50-day simple moving average is $39.99 and its 200-day simple moving average is $40.44.

FS Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. FS Bancorp’s dividend payout ratio is 27.10%.

Analysts Set New Price Targets

FSBW has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a research report on Friday, January 9th. DA Davidson increased their target price on shares of FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Institutional Investors Weigh In On FS Bancorp

Several large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after buying an additional 667 shares during the period. BNP Paribas Financial Markets increased its position in shares of FS Bancorp by 104.3% during the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the period. Tower Research Capital LLC TRC increased its position in shares of FS Bancorp by 489.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after acquiring an additional 1,644 shares during the period. Deutsche Bank AG acquired a new stake in shares of FS Bancorp in the fourth quarter valued at $193,000. Finally, Marshall Wace LLP acquired a new stake in shares of FS Bancorp in the second quarter valued at $262,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

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.