FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) - Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for FS Bancorp in a research report issued to clients and investors on Wednesday, May 1st. DA Davidson analyst J. Rulis expects that the bank will post earnings per share of $1.00 for the quarter. The consensus estimate for FS Bancorp's current full-year earnings is $4.27 per share.
Separately, StockNews.com cut FS Bancorp from a "buy" rating to a "hold" rating in a report on Wednesday.
Get Our Latest Analysis on FSBW
FS Bancorp Stock Performance
FSBW traded up $0.71 during trading on Thursday, hitting $32.46. The company's stock had a trading volume of 10,790 shares, compared to its average volume of 11,221. The business's 50 day simple moving average is $32.60 and its 200-day simple moving average is $33.14. The firm has a market cap of $253.51 million, a PE ratio of 7.09 and a beta of 0.95. FS Bancorp has a one year low of $27.32 and a one year high of $38.70. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.
FS Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, May 8th. FS Bancorp's payout ratio is 22.71%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its position in shares of FS Bancorp by 5.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank's stock valued at $232,000 after acquiring an additional 389 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of FS Bancorp during the fourth quarter valued at approximately $119,000. Panagora Asset Management Inc. boosted its position in shares of FS Bancorp by 69.7% during the third quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank's stock worth $440,000 after acquiring an additional 6,121 shares during the last quarter. HighTower Advisors LLC grew its stake in FS Bancorp by 2.1% during the third quarter. HighTower Advisors LLC now owns 29,479 shares of the bank's stock valued at $870,000 after acquiring an additional 597 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in FS Bancorp by 3.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank's stock valued at $7,986,000 after acquiring an additional 9,716 shares during the last quarter. Hedge funds and other institutional investors own 63.88% of the company's stock.
About FS Bancorp
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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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