FS Bancorp, Inc. to Post Q2 2022 Earnings of $0.78 Per Share, DA Davidson Forecasts (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBWGet Rating) – Investment analysts at DA Davidson issued their Q2 2022 earnings per share (EPS) estimates for shares of FS Bancorp in a research report issued to clients and investors on Monday, May 2nd. DA Davidson analyst J. Rulis anticipates that the bank will post earnings per share of $0.78 for the quarter. DA Davidson also issued estimates for FS Bancorp’s FY2022 earnings at $3.30 EPS.

FSBW has been the subject of several other research reports. Zacks Investment Research lowered FS Bancorp from a “buy” rating to a “hold” rating in a report on Monday. StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a report on Monday.

FSBW stock opened at $29.37 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $237.60 million, a PE ratio of 7.81 and a beta of 1.12. FS Bancorp has a twelve month low of $29.31 and a twelve month high of $36.85. The stock has a 50-day simple moving average of $30.89 and a two-hundred day simple moving average of $32.82.

FS Bancorp (NASDAQ:FSBWGet Rating) last posted its earnings results on Thursday, April 28th. The bank reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. FS Bancorp had a return on equity of 13.32% and a net margin of 25.20%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Investors of record on Thursday, May 12th will be given a $0.30 dividend. This is an increase from FS Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 11th. This represents a $1.20 dividend on an annualized basis and a yield of 4.09%. FS Bancorp’s payout ratio is presently 21.28%.

In related news, Director Mark Tueffers sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $33.50, for a total value of $117,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.26% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FSBW. River Oaks Capital LLC bought a new stake in FS Bancorp in the fourth quarter valued at approximately $807,000. BlackRock Inc. lifted its position in FS Bancorp by 98.1% in the third quarter. BlackRock Inc. now owns 439,314 shares of the bank’s stock valued at $15,205,000 after purchasing an additional 217,505 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in FS Bancorp by 103.7% in the third quarter. Dimensional Fund Advisors LP now owns 312,313 shares of the bank’s stock valued at $10,809,000 after purchasing an additional 159,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in FS Bancorp by 109.5% in the third quarter. Alliancebernstein L.P. now owns 173,681 shares of the bank’s stock valued at $6,011,000 after purchasing an additional 90,794 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in FS Bancorp by 83.0% in the third quarter. Renaissance Technologies LLC now owns 150,362 shares of the bank’s stock valued at $5,204,000 after purchasing an additional 68,212 shares during the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.

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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