Brokerages expect FS Bancorp (NASDAQ:FSBW) to post sales of $16.59 million for the current quarter, Zacks reports. Three analysts have made estimates for FS Bancorp’s earnings, with the highest sales estimate coming in at $16.70 million and the lowest estimate coming in at $16.50 million. FS Bancorp reported sales of $14.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is expected to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that FS Bancorp will report full year sales of $70.96 million for the current financial year, with estimates ranging from $69.69 million to $72.40 million. For the next year, analysts anticipate that the firm 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 research firms that follow FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last released its earnings results on Thursday, January 25th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.05). The company had revenue of $16.56 million during the quarter, compared to analyst estimates of $17.14 million. FS Bancorp had a net margin of 20.05% and a return on equity of 13.26%.
In related news, Director Mark Tueffers sold 2,400 shares of the company’s 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 transaction, the director now owns 200 shares of the company’s stock, valued at $11,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Ted A. Leech sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $54.47, for a total value of $272,350.00. The disclosure for this sale can be found here. Insiders own 11.63% of the company’s stock.
A number of hedge funds have recently made changes to their positions in FSBW. AWH Capital L.P. acquired a new position in FS Bancorp during the fourth quarter worth $10,209,000. Millennium Management LLC acquired a new position in FS Bancorp during the fourth quarter worth $1,319,000. Renaissance Technologies LLC grew its holdings in FS Bancorp by 66.7% during the fourth quarter. Renaissance Technologies LLC now owns 60,000 shares of the bank’s stock worth $3,274,000 after acquiring an additional 24,000 shares during the period. Acadian Asset Management LLC grew its holdings in FS Bancorp by 48.8% during the fourth quarter. Acadian Asset Management LLC now owns 50,218 shares of the bank’s stock worth $2,741,000 after acquiring an additional 16,472 shares during the period. Finally, Cornercap Investment Counsel Inc. acquired a new position in FS Bancorp during the fourth quarter worth $748,000. 50.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:FSBW traded down $0.47 during trading on Friday, reaching $56.00. The company had a trading volume of 6,165 shares, compared to its average volume of 10,621. The firm has a market cap of $208.95, a P/E ratio of 13.46, a PEG ratio of 1.21 and a beta of 0.50. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. FS Bancorp has a fifty-two week low of $37.51 and a fifty-two week high of $59.81.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 30th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.11. FS Bancorp’s payout ratio is presently 10.55%.
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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 families, businesses, and industry niches in Puget Sound area communities, Washington. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposits.
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