FS Bancorp (NASDAQ:FSBW) Issues Quarterly Earnings Results

FS Bancorp (NASDAQ:FSBW) issued its earnings results on Tuesday. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.10, Zacks reports. FS Bancorp had a net margin of 18.05% and a return on equity of 13.65%. The company had revenue of $51.81 million for the quarter, compared to analysts’ expectations of $35.40 million.

FS Bancorp Stock Up 4.0 %

Shares of NASDAQ:FSBW traded up $1.71 during trading on Thursday, reaching $44.62. The stock had a trading volume of 19,136 shares, compared to its average volume of 13,869. FS Bancorp has a one year low of $28.07 and a one year high of $44.96. The company has a market capitalization of $348.04 million, a P/E ratio of 9.66 and a beta of 0.94. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $34.80 and its 200 day simple moving average is $33.98.

FS Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a $0.27 dividend. This is a boost from FS Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 7th. FS Bancorp’s dividend payout ratio (DPR) is currently 22.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FSBW. StockNews.com cut shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. DA Davidson increased their target price on shares of FS Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday.

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.