FY2025 EPS Estimates for FS Bancorp Increased by DA Davidson

Key Points

• DA Davidson raised its FY2025 earnings estimate for FS Bancorp to $4.35 per share, up from a previous forecast of $4.21.
• Weiss Ratings reaffirmed a "buy (b-)" rating for FS Bancorp, with a target price of $41.00, indicating a consensus rating of "Moderate Buy."
• FS Bancorp declared a quarterly dividend of $0.28 per share, representing an annualized dividend of $1.12 with a yield of 2.8%.

FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) - Stock analysts at DA Davidson increased their FY2025 earnings estimates for shares of FS Bancorp in a research note issued on Wednesday, October 22nd. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $4.35 per share for the year, up from their prior forecast of $4.21. The consensus estimate for FS Bancorp's current full-year earnings is $4.26 per share.

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FS Bancorp in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

FS Bancorp Trading Up 3.4%

Shares of FSBW stock opened at $39.70 on Thursday. The stock has a market capitalization of $301.72 million, a price-to-earnings ratio of 9.68 and a beta of 0.74. FS Bancorp has a 1 year low of $34.61 and a 1 year high of $49.15. The company's fifty day simple moving average is $40.61 and its two-hundred day simple moving average is $39.87. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.05 and a quick ratio of 1.03.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last issued its earnings results on Tuesday, October 21st. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.10. FS Bancorp had a net margin of 15.10% and a return on equity of 10.87%. The business had revenue of $39.28 million for the quarter, compared to analysts' expectations of $38.15 million.

FS Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.8%. FS Bancorp's dividend payout ratio is presently 26.60%.

Insider Buying and Selling at FS Bancorp

In other news, CEO Joseph C. Adams sold 14,646 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $41.83, for a total value of $612,642.18. Following the transaction, the chief executive officer owned 97,775 shares of the company's stock, valued at approximately $4,089,928.25. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 37,500 shares of company stock valued at $1,529,937 over the last quarter. Corporate insiders own 12.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in FS Bancorp by 135.0% in the third quarter. CWM LLC now owns 1,060 shares of the bank's stock worth $42,000 after acquiring an additional 609 shares in the last quarter. Copeland Capital Management LLC grew its position in FS Bancorp by 16.4% in the second quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank's stock worth $69,000 after acquiring an additional 246 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in FS Bancorp in the second quarter worth $74,000. Tower Research Capital LLC TRC grew its position in FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank's stock worth $78,000 after acquiring an additional 1,644 shares in the last quarter. Finally, Agate Pass Investment Management LLC purchased a new position in FS Bancorp in the second quarter worth $206,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

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