FS Bancorp (NASDAQ:FSBW) Issues Earnings Results

FS Bancorp (NASDAQ:FSBW) released its earnings results on Tuesday. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15, Yahoo Finance reports. The business had revenue of $53.01 million during the quarter, compared to analyst estimates of $37.10 million. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%.

FS Bancorp Trading Up 0.9 %

Shares of NASDAQ FSBW traded up $0.41 during midday trading on Thursday, reaching $44.74. 5,015 shares of the stock were exchanged, compared to its average volume of 14,996. The stock has a market capitalization of $348.79 million, a P/E ratio of 9.76 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.08. The company has a 50 day simple moving average of $43.53 and a 200 day simple moving average of $38.06. FS Bancorp has a twelve month low of $28.07 and a twelve month high of $47.01.

FS Bancorp Announces Dividend

The company also recently announced 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. This represents a $1.08 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, November 7th. FS Bancorp’s dividend payout ratio (DPR) is presently 23.58%.

Analysts Set New Price Targets

A number of research firms have commented on FSBW. StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday. DA Davidson lifted their price objective on FS Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th.

About FS Bancorp

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.