Analysts expect FS Bancorp, Inc. (NASDAQ:FSBW – Get Rating) to announce sales of $28.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FS Bancorp’s earnings. The highest sales estimate is $29.40 million and the lowest is $28.10 million. FS Bancorp posted sales of $33.13 million during the same quarter last year, which would indicate a negative year over year growth rate of 13.2%. The firm is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that FS Bancorp will report full year sales of $121.75 million for the current financial year, with estimates ranging from $121.10 million to $122.40 million. For the next year, analysts expect that the company will report sales of $131.90 million, with estimates ranging from $130.00 million to $133.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for FS Bancorp.
FS Bancorp (NASDAQ:FSBW – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The bank reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. FS Bancorp had a return on equity of 15.43% and a net margin of 27.94%. The business had revenue of $30.57 million for the quarter, compared to analysts’ expectations of $29.55 million.
FSBW opened at $30.54 on Friday. FS Bancorp has a 1-year low of $29.87 and a 1-year high of $36.85. The stock’s fifty day simple moving average is $31.53 and its 200 day simple moving average is $33.21. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37. The stock has a market cap of $247.13 million, a PE ratio of 7.10 and a beta of 1.16.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.93%. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 11th. FS Bancorp’s dividend payout ratio is currently 18.60%.
In other FS Bancorp news, Director Mark Tueffers sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $33.50, for a total value of $117,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 11.26% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of FS Bancorp by 32.6% during the 4th quarter. Barclays PLC now owns 23,364 shares of the bank’s stock worth $785,000 after purchasing an additional 5,747 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in shares of FS Bancorp during the 4th quarter worth $201,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of FS Bancorp during the 4th quarter worth $64,000. MetLife Investment Management LLC acquired a new stake in shares of FS Bancorp during the 4th quarter worth $86,000. Finally, Sei Investments Co. grew its holdings in shares of FS Bancorp by 32.9% during the 4th quarter. Sei Investments Co. now owns 11,326 shares of the bank’s stock worth $381,000 after purchasing an additional 2,802 shares in the last quarter. 64.54% of the stock is currently owned by institutional investors.
About FS Bancorp (Get Rating)
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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