FS Bancorp (NASDAQ:FSBW) Releases Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Key Points

• FS Bancorp reported quarterly EPS of $0.63, missing analysts’ $1.11 consensus estimate by $0.48. Revenue was $5.25 million, well below the $40.70 million consensus forecast.
• Shares fell $0.52 to $44.33 following the results, while the company reported a 10.86% return on equity and a 14.88% net margin.
• Analyst sentiment remains cautious: one analyst rates the stock Buy and three rate it Hold, producing a consensus Hold rating and a $45.00 price target.

FS Bancorp (NASDAQ:FSBW - Get Free Report) announced its earnings results on Wednesday. The bank reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $1.11 by ($0.48), FiscalAI reports. The company had revenue of $5.25 million during the quarter, compared to the consensus estimate of $40.70 million. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%.

FS Bancorp Price Performance

FSBW stock traded down $0.52 during trading on Wednesday, reaching $44.33. The company's stock had a trading volume of 27,166 shares, compared to its average volume of 17,620. FS Bancorp has a 1 year low of $36.66 and a 1 year high of $45.85. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $329.46 million, a P/E ratio of 10.21 and a beta of 0.68. The company's fifty day moving average is $43.69 and its 200-day moving average is $42.47.

Insider Activity at FS Bancorp

In other news, Director Terri Degner sold 1,694 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $42.72, for a total value of $72,367.68. Following the completion of the transaction, the director owned 2,175 shares of the company's stock, valued at $92,916. This represents a 43.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on FSBW shares. Brean Capital cut FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Monday, July 27th. Zacks Research raised FS Bancorp from a "strong sell" rating to a "hold" rating in a research report on Monday, October 12th. Weiss Ratings reiterated a "buy (b)" rating on shares of FS Bancorp in a research note on Friday, September 25th. Finally, DA Davidson reissued a "neutral" rating and issued a $45.00 target price on shares of FS Bancorp in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.00.

About FS Bancorp

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

1st Security Bank offers checking and savings accounts, certificates of deposit, commercial and small-business banking, residential and commercial real estate loans, construction financing, consumer loans and home equity products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.