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. The company provides one-to-four-family residential first mortgages, second mortgage/home equity loan products, non-mortgage commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which primarily include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. As of December 31, 2021, it operated 21 full bank service branches and 10 home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Jefferson, Kitsap, Clallam, Grays Harbor, Thurston, and Lewis counties; and one loan production office in the market area of the Tri-Cities. The company was founded in 1936 and is headquartered in Mountlake Terrace, Washington.
Wall Street Analyst Weigh In
Several brokerages have issued reports on FSBW. StockNews.com raised shares of FS Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, July 13th. Raymond James lowered shares of FS Bancorp from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 7th.
FS Bancorp Price Performance
FSBW Stock traded up $0.43 during trading on Tuesday, hitting $31.37. The company had a trading volume of 15,943 shares, compared to its average volume of 34,252. The company has a fifty day moving average price of $29.11 and a two-hundred day moving average price of $30.26. FS Bancorp has a fifty-two week low of $27.06 and a fifty-two week high of $36.75. The company has a market cap of $242.36 million, a P/E ratio of 8.67 and a beta of 1.06. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57.
FS Bancorp (NASDAQ:FSBW - Get Rating) last issued its earnings results on Thursday, July 28th. The bank reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. FS Bancorp had a net margin of 23.89% and a return on equity of 12.91%. The company had revenue of $29.08 million for the quarter, compared to the consensus estimate of $28.20 million. Equities research analysts expect that FS Bancorp will post 3.51 earnings per share for the current fiscal year.
FS Bancorp Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, August 10th. FS Bancorp's dividend payout ratio (DPR) is currently 22.10%.
Insider Buying and Selling
In other FS Bancorp news, Director Mark Tueffers sold 2,000 shares of FS Bancorp stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $29.77, for a total value of $59,540.00. Following the completion of the transaction, the director now owns 1,180 shares in the company, valued at approximately $35,128.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 5,180 shares of company stock worth $152,710 in the last three months. Insiders own 10.64% of the company's stock.