FS Bancorp (NASDAQ:FSBW) Announces Quarterly Earnings Results, Beats Estimates By $997.99 EPS

FS Bancorp (NASDAQ:FSBW) announced its earnings results on Tuesday. The bank reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $997.99, Zacks reports. FS Bancorp had a return on equity of 11.08% and a net margin of 15.19%.

FS Bancorp Stock Down 0.4%

FS Bancorp stock traded down $0.17 during midday trading on Tuesday, reaching $41.55. The stock had a trading volume of 13,594 shares, compared to its average volume of 10,836. FS Bancorp has a 12 month low of $36.66 and a 12 month high of $44.22. The company has a market capitalization of $311.63 million, a P/E ratio of 9.71 and a beta of 0.68. The company has a fifty day moving average price of $39.99 and a two-hundred day moving average price of $40.43. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.28. FS Bancorp’s dividend payout ratio is presently 27.10%.

Institutional Trading of FS Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased 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 in the last quarter. BNP Paribas Financial Markets increased its position in FS Bancorp by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock valued at $53,000 after buying an additional 679 shares in the last quarter. Tower Research Capital LLC TRC increased its position in FS Bancorp by 489.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock valued at $78,000 after buying an additional 1,644 shares in the last quarter. Deutsche Bank AG bought a new position in FS Bancorp in the 4th quarter valued at about $193,000. Finally, Marshall Wace LLP bought a new stake in FS Bancorp during the 2nd quarter worth approximately $262,000. 63.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research report on Friday, January 9th. DA Davidson lifted their price objective on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.