FS Bancorp Inc (NASDAQ:FSBW) – DA Davidson dropped their FY2018 EPS estimates for shares of FS Bancorp in a report released on Monday, October 29th. DA Davidson analyst J. Rulis now forecasts that the bank will post earnings per share of $4.55 for the year, down from their previous forecast of $4.70. DA Davidson also issued estimates for FS Bancorp’s Q4 2018 earnings at $1.19 EPS, Q2 2019 earnings at $1.52 EPS, Q3 2019 earnings at $1.46 EPS, Q4 2019 earnings at $1.32 EPS, FY2019 earnings at $5.75 EPS and FY2020 earnings at $6.00 EPS.
FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Thursday, October 25th. The bank reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). FS Bancorp had a net margin of 21.47% and a return on equity of 12.95%. The business had revenue of $17.66 million during the quarter, compared to analysts’ expectations of $17.96 million.
Shares of FSBW stock opened at $45.14 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.13 and a quick ratio of 1.06. FS Bancorp has a 52 week low of $42.02 and a 52 week high of $66.40. The company has a market capitalization of $166.89 million, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Thursday, November 8th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.24%. FS Bancorp’s dividend payout ratio (DPR) is currently 13.43%.
In other news, insider Robert B. Fuller sold 3,500 shares of FS Bancorp stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $59.05, for a total transaction of $206,675.00. Following the completion of the sale, the insider now directly owns 10,185 shares of the company’s stock, valued at approximately $601,424.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joseph C. Adams sold 4,446 shares of FS Bancorp stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $59.69, for a total transaction of $265,381.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,346 shares of company stock valued at $495,861. Corporate insiders own 11.63% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust lifted its position in shares of FS Bancorp by 45.6% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 68,297 shares of the bank’s stock worth $3,806,000 after purchasing an additional 21,405 shares during the last quarter. First Trust Advisors LP lifted its position in shares of FS Bancorp by 94.4% during the 3rd quarter. First Trust Advisors LP now owns 10,154 shares of the bank’s stock worth $566,000 after purchasing an additional 4,930 shares during the last quarter. Northern Trust Corp lifted its position in shares of FS Bancorp by 312.5% during the 2nd quarter. Northern Trust Corp now owns 37,389 shares of the bank’s stock worth $2,365,000 after purchasing an additional 28,324 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 worth $1,331,000 after purchasing an additional 9,408 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of FS Bancorp by 814.0% during the 2nd quarter. Bank of America Corp DE now owns 15,163 shares of the bank’s stock worth $959,000 after purchasing an additional 13,504 shares during the last quarter. 58.76% of the stock is owned by institutional investors and hedge funds.
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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