FS Bancorp (NASDAQ:FSBW) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Key Points

• FS Bancorp reported a quarterly earnings per share (EPS) of $1.18, exceeding estimates by $0.10.
• The stock price decreased to $38.54 following the earnings announcement, with a trading volume of 8,219 shares.
• Analysts have a consensus rating of "Moderate Buy" for FS Bancorp, with a price target raised to $44.00.

FS Bancorp (NASDAQ:FSBW - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10, Zacks reports. FS Bancorp had a return on equity of 11.32% and a net margin of 15.88%.

FS Bancorp Price Performance

FSBW stock traded down $0.25 during trading on Tuesday, hitting $38.54. The stock had a trading volume of 8,219 shares, compared to its average volume of 15,926. The company's 50 day moving average price is $40.68 and its two-hundred day moving average price is $39.89. FS Bancorp has a 1-year low of $34.61 and a 1-year high of $49.15. The stock has a market cap of $292.90 million, a price-to-earnings ratio of 9.15 and a beta of 0.74. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.03 and a current ratio of 1.05.

Insiders Place Their Bets

In related news, CEO Joseph C. Adams sold 14,646 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $41.83, for a total value of $612,642.18. Following the completion of the transaction, the chief executive officer owned 97,775 shares of the company's stock, valued at approximately $4,089,928.25. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 37,500 shares of company stock valued at $1,529,937. Insiders own 12.70% of the company's stock.

Institutional Trading of FS Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in FS Bancorp by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 9,891 shares of the bank's stock valued at $390,000 after buying an additional 446 shares during the period. Geode Capital Management LLC grew its holdings in FS Bancorp by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank's stock valued at $6,434,000 after buying an additional 826 shares during the period. Tower Research Capital LLC TRC grew its holdings in FS Bancorp by 489.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank's stock valued at $78,000 after buying an additional 1,644 shares during the period. Empowered Funds LLC grew its holdings in FS Bancorp by 7.2% in the 1st quarter. Empowered Funds LLC now owns 38,822 shares of the bank's stock valued at $1,476,000 after buying an additional 2,611 shares during the period. Finally, Marshall Wace LLP purchased a new stake in FS Bancorp in the 2nd quarter valued at about $262,000. Hedge funds and other institutional investors own 63.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DA Davidson lifted their price target on FS Bancorp from $41.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FS Bancorp in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, FS Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

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.

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