Zacks: Analysts Anticipate FS Bancorp Inc (NASDAQ:FSBW) Will Post Quarterly Sales of $24.15 Million

Analysts predict that FS Bancorp Inc (NASDAQ:FSBW) will report sales of $24.15 million for the current quarter, according to Zacks. Two analysts have made estimates for FS Bancorp’s earnings, with the highest sales estimate coming in at $24.20 million and the lowest estimate coming in at $24.10 million. FS Bancorp reported sales of $27.23 million in the same quarter last year, which indicates a negative year-over-year growth rate of 11.3%. The company is scheduled to issue its next earnings report on Monday, January 27th.

On average, analysts expect that FS Bancorp will report full year sales of $94.40 million for the current fiscal year. For the next financial year, analysts anticipate that the company will post sales of $97.10 million, with estimates ranging from $96.20 million to $98.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover FS Bancorp.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $24.48 million during the quarter, compared to the consensus estimate of $23.82 million. FS Bancorp had a net margin of 24.60% and a return on equity of 12.13%.

A number of research firms have recently commented on FSBW. DA Davidson reaffirmed a “neutral” rating on shares of FS Bancorp in a report on Tuesday, July 30th. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, October 8th. ValuEngine cut shares of FS Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Finally, BidaskClub upgraded shares of FS Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $59.00.

Shares of NASDAQ:FSBW traded down $0.29 during midday trading on Friday, reaching $59.38. 5,900 shares of the company’s stock were exchanged, compared to its average volume of 10,170. The company’s 50 day simple moving average is $55.03 and its two-hundred day simple moving average is $50.89. The firm has a market capitalization of $264.81 million, a PE ratio of 12.72 and a beta of 1.07. FS Bancorp has a 12 month low of $41.25 and a 12 month high of $60.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.07.

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.20 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.15. FS Bancorp’s dividend payout ratio (DPR) is 17.13%.

In other FS Bancorp news, insider Robert B. Fuller sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $57.14, for a total value of $228,560.00. Following the completion of the sale, the insider now owns 11,660 shares in the company, valued at approximately $666,252.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 4,440 shares of company stock valued at $253,846 in the last quarter. 8.62% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. B & T Capital Management DBA Alpha Capital Management acquired a new stake in FS Bancorp in the 3rd quarter valued at about $32,000. FCA Corp TX acquired a new stake in FS Bancorp in the 2nd quarter valued at about $245,000. Jane Street Group LLC acquired a new stake in FS Bancorp in the 2nd quarter valued at about $246,000. Rhumbline Advisers increased its position in FS Bancorp by 8.5% in the 3rd quarter. Rhumbline Advisers now owns 5,805 shares of the bank’s stock valued at $305,000 after acquiring an additional 453 shares in the last quarter. Finally, US Bancorp DE increased its position in FS Bancorp by 693.9% in the 2nd quarter. US Bancorp DE now owns 6,232 shares of the bank’s stock valued at $323,000 after acquiring an additional 5,447 shares in the last quarter. Hedge funds and other institutional investors own 57.79% of the company’s stock.

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.

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

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