DA Davidson Analysts Boost Earnings Estimates for FS Bancorp

FS Bancorp, Inc. (NASDAQ:FSBW) – Research analysts at DA Davidson boosted their FY2025 EPS estimates for shares of FS Bancorp in a research note issued on Friday, September 26th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $4.21 for the year, up from their prior estimate of $4.20. DA Davidson currently has a “Neutral” rating and a $44.00 target price on the stock. The consensus estimate for FS Bancorp’s current full-year earnings is $4.26 per share. DA Davidson also issued estimates for FS Bancorp’s FY2026 earnings at $4.66 EPS.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $40.63 on Monday. The company has a market cap of $308.79 million, a P/E ratio of 9.65 and a beta of 0.73. The business has a 50 day moving average of $40.95 and a two-hundred day moving average of $39.71. FS Bancorp has a 52 week low of $34.61 and a 52 week high of $49.15. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.96.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $37.28 million during the quarter, compared to the consensus estimate of $36.55 million. FS Bancorp had a net margin of 15.88% and a return on equity of 11.32%.

Institutional Trading of FS Bancorp

A number of large investors have recently modified their holdings of FSBW. Royce & Associates LP bought a new stake in FS Bancorp in the 1st quarter valued at about $617,000. Jane Street Group LLC acquired a new stake in shares of FS Bancorp in the second quarter valued at approximately $413,000. GAMMA Investing LLC raised its holdings in shares of FS Bancorp by 12,586.3% during the first quarter. GAMMA Investing LLC now owns 10,149 shares of the bank’s stock valued at $386,000 after buying an additional 10,069 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of FS Bancorp during the first quarter valued at approximately $365,000. Finally, Millennium Management LLC boosted its position in shares of FS Bancorp by 96.5% during the fourth quarter. Millennium Management LLC now owns 18,701 shares of the bank’s stock worth $768,000 after buying an additional 9,183 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

Insider Buying and Selling

In other FS Bancorp news, CEO Joseph C. Adams sold 14,646 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $41.83, for a total value of $612,642.18. Following the sale, the chief executive officer directly owned 97,775 shares of the company’s stock, valued at $4,089,928.25. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 37,500 shares of company stock worth $1,529,937. 12.70% of the stock is owned by corporate insiders.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.12 dividend on an annualized basis and a yield of 2.8%. FS Bancorp’s payout ratio is currently 26.60%.

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.