Analysts expect FS Bancorp Inc (NASDAQ:FSBW) to announce sales of $16.59 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for FS Bancorp’s earnings. The lowest sales estimate is $16.50 million and the highest is $16.70 million. FS Bancorp reported sales of $14.40 million during the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The firm is scheduled to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that FS Bancorp will report full year sales of $16.59 million for the current fiscal year, with estimates ranging from $69.69 million to $72.40 million. For the next financial year, analysts forecast that the business will post sales of $78.18 million per share, with estimates ranging from $74.74 million to $81.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover FS Bancorp.
Several analysts have recently commented on the company. Zacks Investment Research upgraded FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, November 7th. ValuEngine cut FS Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. FS Bancorp presently has a consensus rating of “Buy” and a consensus price target of $50.75.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, February 6th. FS Bancorp’s payout ratio is presently 10.21%.
In other news, Director Mark Tueffers sold 2,400 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $56.25, for a total transaction of $135,000.00. Following the sale, the director now owns 200 shares in the company, valued at $11,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.19% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of FSBW. Stilwell Value LLC boosted its holdings in FS Bancorp by 4,277.0% in the second quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock valued at $5,252,000 after acquiring an additional 5,132,400 shares during the last quarter. Maltese Capital Management LLC bought a new position in FS Bancorp in the third quarter valued at about $3,616,000. EJF Capital LLC bought a new position in FS Bancorp in the third quarter valued at about $3,616,000. Northpointe Capital LLC bought a new position in FS Bancorp in the third quarter valued at about $2,628,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in FS Bancorp in the third quarter valued at about $2,422,000. Institutional investors and hedge funds own 42.88% of the company’s stock.
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FS Bancorp Company Profile
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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