FY2024 EPS Estimates for FS Bancorp Raised by DA Davidson

FS Bancorp, Inc. (NASDAQ:FSBW) – Research analysts at DA Davidson increased their FY2024 earnings per share estimates for shares of FS Bancorp in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $4.45 per share for the year, up from their previous forecast of $4.25. DA Davidson has a “Neutral” rating and a $44.00 price target on the stock. The consensus estimate for FS Bancorp’s current full-year earnings is $4.44 per share.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. The business had revenue of $53.01 million during the quarter, compared to analysts’ expectations of $37.10 million. FS Bancorp had a net margin of 18.28% and a return on equity of 13.58%.

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

FS Bancorp Stock Performance

NASDAQ:FSBW opened at $43.63 on Friday. The stock has a market capitalization of $338.13 million, a P/E ratio of 9.26 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. FS Bancorp has a 1 year low of $28.07 and a 1 year high of $47.01. The firm has a 50 day moving average of $43.63 and a 200-day moving average of $38.21.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, November 7th. FS Bancorp’s dividend payout ratio is currently 22.93%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of FS Bancorp during the third quarter worth $62,000. Lazard Asset Management LLC raised its holdings in FS Bancorp by 64.5% during the 1st quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock worth $79,000 after purchasing an additional 897 shares during the last quarter. SG Americas Securities LLC acquired a new position in FS Bancorp during the 3rd quarter valued at about $103,000. O Shaughnessy Asset Management LLC boosted its stake in shares of FS Bancorp by 4.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock valued at $268,000 after purchasing an additional 320 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of FS Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after buying an additional 434 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

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 deposit.