Analysts predict that FS Bancorp Inc (NASDAQ:FSBW) will announce sales of $23.80 million for the current quarter, Zacks reports. Three analysts have provided estimates for FS Bancorp’s earnings, with the highest sales estimate coming in at $24.10 million and the lowest estimate coming in at $23.30 million. FS Bancorp reported sales of $17.66 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 34.8%. The business is scheduled to report its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that FS Bancorp will report full-year sales of $92.96 million for the current financial year, with estimates ranging from $91.40 million to $93.80 million. For the next year, analysts expect that the company will post sales of $98.17 million, with estimates ranging from $95.90 million to $101.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover FS Bancorp.
FSBW has been the subject of a number of research reports. DA Davidson reiterated a “neutral” rating on shares of FS Bancorp in a research note on Tuesday, July 30th. Zacks Investment Research lowered shares of FS Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, ValuEngine lowered FS Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 24th.
A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in FS Bancorp by 99.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,021 shares of the bank’s stock worth $727,000 after buying an additional 7,000 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in FS Bancorp by 11.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 263,161 shares of the bank’s stock worth $13,650,000 after buying an additional 26,750 shares in the last quarter. Jane Street Group LLC purchased a new stake in FS Bancorp in the 2nd quarter worth $246,000. Bank of America Corp DE increased its stake in FS Bancorp by 11.1% in the 2nd quarter. Bank of America Corp DE now owns 14,225 shares of the bank’s stock worth $738,000 after buying an additional 1,419 shares in the last quarter. Finally, BlackRock Inc. increased its stake in FS Bancorp by 6.4% in the 2nd quarter. BlackRock Inc. now owns 206,612 shares of the bank’s stock worth $10,716,000 after buying an additional 12,485 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.
FSBW traded down $1.02 during mid-day trading on Friday, reaching $48.92. 4,041 shares of the company traded hands, compared to its average volume of 10,362. The stock has a market capitalization of $219.06 million, a P/E ratio of 10.48, a P/E/G ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $48.98 and its 200-day moving average price is $49.98. FS Bancorp has a 52-week low of $41.25 and a 52-week high of $59.76.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. FS Bancorp’s dividend payout ratio (DPR) is 12.85%.
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 deposit.
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