Equities researchers at FIG Partners assumed coverage on shares of FS Bancorp Inc (NASDAQ:FSBW) in a research report issued on Monday, April 17th. The firm set an “outperform” rating and a $44.00 price target on the bank’s stock. FIG Partners’ target price points to a potential upside of 2.30% from the stock’s current price.
FS Bancorp (NASDAQ:FSBW) traded up 0.21% on Monday, hitting $43.10. The stock had a trading volume of 4,557 shares. The company has a market capitalization of $123.87 million, a price-to-earnings ratio of 11.30 and a beta of 0.41. FS Bancorp has a 52 week low of $24.47 and a 52 week high of $45.76. The firm has a 50-day moving average of $40.93 and a 200 day moving average of $36.79.
FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, April 26th. The bank reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.10. The business had revenue of $14.40 million during the quarter, compared to analyst estimates of $14.05 million. FS Bancorp had a return on equity of 13.65% and a net margin of 17.05%. On average, analysts predict that FS Bancorp will post $3.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, May 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.10. FS Bancorp’s dividend payout ratio (DPR) is presently 11.27%.
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In other FS Bancorp news, COO Drew B. Ness sold 4,779 shares of FS Bancorp stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $43.88, for a total transaction of $209,702.52. Following the completion of the transaction, the chief operating officer now owns 12,721 shares in the company, valued at approximately $558,197.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.47% of the company’s stock.
FS Bancorp Company Profile
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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