FS Bancorp, Inc. to Post FY2022 Earnings of $3.40 Per Share, DA Davidson Forecasts (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBWGet Rating) – Stock analysts at DA Davidson boosted their FY2022 EPS estimates for shares of FS Bancorp in a research report issued to clients and investors on Tuesday, August 2nd. DA Davidson analyst J. Rulis now expects that the bank will post earnings of $3.40 per share for the year, up from their previous forecast of $3.20. The consensus estimate for FS Bancorp’s current full-year earnings is $3.51 per share. DA Davidson also issued estimates for FS Bancorp’s FY2023 earnings at $3.90 EPS.

FS Bancorp (NASDAQ:FSBWGet Rating) last released its quarterly earnings data on Thursday, July 28th. The bank reported $0.83 earnings per share (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 12.66%.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com raised shares of FS Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Raymond James cut 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

FS Bancorp stock opened at $30.00 on Thursday. The stock has a market cap of $237.21 million, a price-to-earnings ratio of 8.29 and a beta of 1.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.98 and a quick ratio of 0.96. FS Bancorp has a 1 year low of $27.06 and a 1 year high of $36.75. The firm has a 50-day moving average of $29.02 and a two-hundred day moving average of $30.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its stake in FS Bancorp by 87.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 35,580 shares of the bank’s stock valued at $1,022,000 after purchasing an additional 16,576 shares in the last quarter. Amalgamated Bank acquired a new position in FS Bancorp during the 1st quarter valued at approximately $27,000. Goldman Sachs Group Inc. increased its stake in shares of FS Bancorp by 7.0% in the first quarter. Goldman Sachs Group Inc. now owns 12,834 shares of the bank’s stock worth $398,000 after acquiring an additional 834 shares during the period. State Street Corp increased its stake in shares of FS Bancorp by 1.2% in the first quarter. State Street Corp now owns 138,948 shares of the bank’s stock worth $4,307,000 after acquiring an additional 1,619 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of FS Bancorp by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,387 shares of the bank’s stock worth $601,000 after acquiring an additional 563 shares during the period. Institutional investors and hedge funds own 64.60% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Tueffers sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $29.11, for a total transaction of $93,152.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at approximately $116,440. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Mark Tueffers sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $29.11, for a total transaction of $93,152.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at approximately $116,440. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Margaret R. Piesik sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $29.94, for a total transaction of $74,850.00. Following the transaction, the director now owns 13,670 shares of the company’s stock, valued at approximately $409,279.80. The disclosure for this sale can be found here. Insiders sold a total of 10,880 shares of company stock worth $320,712 in the last 90 days. 10.64% of the stock is owned by corporate insiders.

FS Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. FS Bancorp’s payout ratio is presently 22.10%.

About FS Bancorp

(Get Rating)

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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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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