FY2024 EPS Estimates for FS Bancorp, Inc. (NASDAQ:FSBW) Decreased by DA Davidson

FS Bancorp, Inc. (NASDAQ:FSBW) – Stock analysts at DA Davidson lowered their FY2024 earnings per share (EPS) estimates for shares of FS Bancorp in a research note issued to investors on Wednesday, May 1st. DA Davidson analyst J. Rulis now anticipates that the bank will earn $4.10 per share for the year, down from their prior estimate of $4.30. The consensus estimate for FS Bancorp’s current full-year earnings is $4.27 per share. DA Davidson also issued estimates for FS Bancorp’s FY2025 earnings at $4.30 EPS.

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday.

FS Bancorp Price Performance

FSBW stock opened at $32.80 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $32.58 and a 200 day moving average price of $33.13. The stock has a market cap of $256.17 million, a price-to-earnings ratio of 7.09 and a beta of 0.95. FS Bancorp has a fifty-two week low of $27.32 and a fifty-two week high of $38.70.

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.17%. The ex-dividend date is Wednesday, May 8th. FS Bancorp’s payout ratio is 22.71%.

Institutional Trading of FS Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of FS Bancorp by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 70,151 shares of the bank’s stock valued at $2,069,000 after acquiring an additional 525 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in FS Bancorp during the third quarter worth $46,000. Panagora Asset Management Inc. boosted its position in FS Bancorp by 69.7% during the third quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock worth $440,000 after purchasing an additional 6,121 shares in the last quarter. HighTower Advisors LLC grew its holdings in FS Bancorp by 2.1% in the third quarter. HighTower Advisors LLC now owns 29,479 shares of the bank’s stock valued at $870,000 after purchasing an additional 597 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of FS Bancorp by 3.7% in the third quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank’s stock valued at $7,986,000 after buying an additional 9,716 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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 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.