FS Bancorp Inc (FSBW) Expected to Post Earnings of $1.12 Per Share

Equities research analysts predict that FS Bancorp Inc (NASDAQ:FSBW) will report earnings per share of $1.12 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FS Bancorp’s earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.04. FS Bancorp posted earnings of $1.07 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The business is scheduled to announce its next earnings report on Thursday, October 25th.

On average, analysts expect that FS Bancorp will report full-year earnings of $4.57 per share for the current financial year, with EPS estimates ranging from $4.47 to $4.70. For the next year, analysts forecast that the firm will post earnings of $5.47 per share, with EPS estimates ranging from $5.45 to $5.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for FS Bancorp.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Friday, July 27th. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). FS Bancorp had a return on equity of 12.38% and a net margin of 21.13%. The firm had revenue of $17.54 million during the quarter, compared to analysts’ expectations of $17.43 million.

FSBW has been the subject of a number of research reports. Zacks Investment Research upgraded FS Bancorp from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, July 31st. ValuEngine cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, July 14th.

FSBW opened at $49.34 on Friday. FS Bancorp has a 12-month low of $48.50 and a 12-month high of $66.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.13 and a quick ratio of 1.06. The stock has a market capitalization of $206.65 million, a PE ratio of 11.83, a PEG ratio of 1.20 and a beta of 0.48.

In other news, insider Robert B. Fuller sold 3,500 shares of the company’s stock in a transaction dated 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 approximately $601,424.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph C. Adams sold 4,446 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $59.69, for a total value of $265,381.74. The disclosure for this sale can be found here. Insiders sold a total of 8,346 shares of company stock valued at $495,861 over the last quarter. Company insiders own 11.63% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in FS Bancorp by 312.5% during the 2nd quarter. Northern Trust Corp now owns 37,389 shares of the bank’s stock valued at $2,365,000 after acquiring an additional 28,324 shares during the period. Bank of New York Mellon Corp boosted its holdings in FS Bancorp by 80.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,038 shares of the bank’s stock valued at $1,331,000 after acquiring an additional 9,408 shares during the period. Bank of America Corp DE boosted its holdings in FS Bancorp by 814.0% during the 2nd quarter. Bank of America Corp DE now owns 15,163 shares of the bank’s stock valued at $959,000 after acquiring an additional 13,504 shares during the period. Renaissance Technologies LLC boosted its holdings in FS Bancorp by 95.1% during the 2nd quarter. Renaissance Technologies LLC now owns 124,694 shares of the bank’s stock valued at $7,887,000 after acquiring an additional 60,794 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in FS Bancorp by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 53,667 shares of the bank’s stock valued at $3,395,000 after acquiring an additional 13,470 shares during the period. Institutional investors own 58.73% of the company’s stock.

About FS Bancorp

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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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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