FY2024 EPS Estimates for FS Bancorp Boosted by DA Davidson

FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) - Equities researchers at DA Davidson lifted their FY2024 earnings per share (EPS) estimates for FS Bancorp in a note issued to investors on Thursday, October 24th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $4.45 per share for the year, up from their prior estimate of $4.25. DA Davidson has a "Neutral" rating and a $44.00 price target on the stock. The consensus estimate for FS Bancorp's current full-year earnings is $4.44 per share.

Separately, StockNews.com lowered FS Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday.

FS Bancorp Trading Down 2.5 %

Shares of FSBW stock traded down $1.11 during trading hours on Friday, hitting $43.63. The company had a trading volume of 7,353 shares, compared to its average volume of 14,959. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 1.06. The stock has a market capitalization of $340.14 million, a PE ratio of 9.53 and a beta of 0.93. The company's fifty day moving average is $43.63 and its 200 day moving average is $38.18. FS Bancorp has a fifty-two week low of $28.07 and a fifty-two week high of $47.01.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.15. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. The company had revenue of $53.01 million for the quarter, compared to analysts' expectations of $37.10 million.

Institutional Investors Weigh In On FS Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in FS Bancorp during the second quarter worth approximately $900,000. Agate Pass Investment Management LLC acquired a new position in FS Bancorp in the 2nd quarter valued at about $382,000. Dimensional Fund Advisors LP raised its stake in FS Bancorp by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank's stock valued at $14,401,000 after acquiring an additional 3,811 shares during the last quarter. Bank of New York Mellon Corp lifted its position in FS Bancorp by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank's stock worth $2,231,000 after acquiring an additional 2,761 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of FS Bancorp by 25.6% in the 1st quarter. BNP Paribas Financial Markets now owns 12,710 shares of the bank's stock valued at $441,000 after purchasing an additional 2,590 shares during the last quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.

FS Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.08 dividend on an annualized basis and a yield of 2.48%. FS Bancorp's dividend payout ratio (DPR) is presently 23.58%.

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.