FS Bancorp (NASDAQ:FSBW) Posts Quarterly Earnings Results

FS Bancorp (NASDAQ:FSBW) issued its quarterly earnings data on Wednesday. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.48), FiscalAI reports. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The firm had revenue of $5.25 million for the quarter, compared to analysts’ expectations of $40.70 million.

FS Bancorp Trading Down 1.2%

FSBW stock traded down $0.52 during midday trading on Wednesday, reaching $44.33. 27,166 shares of the company traded hands, compared to its average volume of 17,620. The firm has a market capitalization of $329.46 million, a price-to-earnings ratio of 10.21 and a beta of 0.68. FS Bancorp has a 52-week low of $36.66 and a 52-week high of $45.85. The business has a 50 day moving average of $43.69 and a 200-day moving average of $42.47. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10.

Insider Activity at FS Bancorp

In other news, Director Terri Degner sold 1,694 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $42.72, for a total transaction of $72,367.68. Following the transaction, the director owned 2,175 shares of the company’s stock, valued at approximately $92,916. The trade was a 43.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 12.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Brean Capital downgraded FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Monday, July 27th. Zacks Research upgraded FS Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. DA Davidson reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of FS Bancorp in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.00.

About FS Bancorp

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

1st Security Bank offers checking and savings accounts, certificates of deposit, commercial and small-business banking, residential and commercial real estate loans, construction financing, consumer loans and home equity products.