Analysts Anticipate FS Bancorp Inc (FSBW) to Post $1.12 Earnings Per Share

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FS Bancorp Inc (NASDAQ:FSBW) has received a consensus broker rating score of 2.00 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a one year consensus target price of $67.67 for the company and are expecting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also given FS Bancorp an industry rank of 76 out of 255 based on the ratings given to related companies.

FSBW has been the topic of several research reports. ValuEngine cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st.

FS Bancorp stock traded down $1.92 during midday trading on Monday, reaching $49.55. The company’s stock had a trading volume of 29,102 shares, compared to its average volume of 18,021. FS Bancorp has a 52 week low of $49.21 and a 52 week high of $66.40. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.90. The stock has a market cap of $206.65 million, a PE ratio of 11.88, a P/E/G ratio of 1.20 and a beta of 0.48.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Friday, July 27th. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.05). FS Bancorp had a net margin of 21.13% and a return on equity of 12.38%. The business had revenue of $17.54 million during the quarter, compared to the consensus estimate of $17.43 million. As a group, analysts expect that FS Bancorp will post 4.63 earnings per share for the current year.

In related news, CEO Joseph C. Adams sold 4,446 shares of FS Bancorp stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $59.69, for a total value of $265,381.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert B. Fuller sold 3,500 shares of FS Bancorp stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $59.05, for a total value of $206,675.00. Following the completion of the transaction, the insider now directly owns 10,185 shares in the company, valued at $601,424.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,346 shares of company stock worth $495,861. Company insiders own 11.63% of the company’s stock.

Several institutional investors have recently bought and sold shares of FSBW. BlackRock Inc. lifted its stake in shares of FS Bancorp by 538.9% in the second quarter. BlackRock Inc. now owns 193,733 shares of the bank’s stock worth $12,252,000 after acquiring an additional 163,411 shares during the period. Renaissance Technologies LLC lifted its stake in shares of FS Bancorp by 95.1% in the second quarter. Renaissance Technologies LLC now owns 124,694 shares of the bank’s stock worth $7,887,000 after acquiring an additional 60,794 shares during the period. Northern Trust Corp lifted its stake in shares of FS Bancorp by 312.5% in the second quarter. Northern Trust Corp now owns 37,389 shares of the bank’s stock worth $2,365,000 after acquiring an additional 28,324 shares during the period. Millennium Management LLC lifted its stake in shares of FS Bancorp by 116.2% in the first quarter. Millennium Management LLC now owns 52,245 shares of the bank’s stock worth $2,795,000 after acquiring an additional 28,077 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of FS Bancorp by 814.0% in the second quarter. Bank of America Corp DE now owns 15,163 shares of the bank’s stock worth $959,000 after acquiring an additional 13,504 shares during the period. 58.73% of the stock is currently owned by institutional investors.

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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