FS Bancorp (NASDAQ:FSBW) Releases Earnings Results, Beats Expectations By $0.02 EPS

FS Bancorp (NASDAQ:FSBW - Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.02, Zacks reports. FS Bancorp had a net margin of 15.88% and a return on equity of 11.35%. The company had revenue of $37.28 million during the quarter, compared to analysts' expectations of $36.55 million.

FS Bancorp Stock Up 0.9%

FSBW traded up $0.39 on Thursday, reaching $42.03. The company's stock had a trading volume of 2,099 shares, compared to its average volume of 15,720. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. FS Bancorp has a fifty-two week low of $34.61 and a fifty-two week high of $49.15. The stock has a 50 day moving average of $39.86 and a two-hundred day moving average of $39.23. The company has a market capitalization of $323.63 million, a price-to-earnings ratio of 9.98 and a beta of 0.71.

FS Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a $0.28 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.12 annualized dividend and a yield of 2.66%. FS Bancorp's dividend payout ratio (DPR) is currently 25.75%.

Institutional Trading of FS Bancorp

A hedge fund recently raised its stake in FS Bancorp stock. Empowered Funds LLC boosted its holdings in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 7.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 38,822 shares of the bank's stock after buying an additional 2,611 shares during the period. Empowered Funds LLC owned approximately 0.50% of FS Bancorp worth $1,476,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 63.88% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of FS Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.