FS Bancorp (NASDAQ:FSBW - Get Free Report) released its earnings results on Tuesday. The bank reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $37.28 million during the quarter, compared to analysts' expectations of $36.55 million.
FS Bancorp Price Performance
FSBW traded up $0.06 during midday trading on Thursday, reaching $41.70. 14,796 shares of the company's stock were exchanged, compared to its average volume of 15,682. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $39.90 and a two-hundred day simple moving average of $39.26. The firm has a market capitalization of $321.09 million, a price-to-earnings ratio of 9.90 and a beta of 0.71. FS Bancorp has a one year low of $34.61 and a one year high of $49.15.
FS Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, August 7th. FS Bancorp's dividend payout ratio (DPR) is presently 25.75%.
Wall Street Analyst Weigh In
FSBW has been the subject of several recent research reports. DA Davidson upped their price target on FS Bancorp from $41.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday. Wall Street Zen upgraded FS Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Read Our Latest Stock Report on FSBW
Hedge Funds Weigh In On FS Bancorp
A hedge fund recently raised its stake in FS Bancorp stock. Empowered Funds LLC boosted its stake in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,822 shares of the bank's stock after buying an additional 2,611 shares during the quarter. Empowered Funds LLC owned approximately 0.50% of FS Bancorp worth $1,476,000 at the end of the most recent quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.
About FS Bancorp
(
Get Free Report)
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.
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