FS Bancorp (NASDAQ:FSBW) Posts Earnings Results, Misses Expectations By $0.03 EPS

FS Bancorp (NASDAQ:FSBW) posted its earnings results on Wednesday. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.03), Zacks reports. The company had revenue of $40.01 million for the quarter, compared to analyst estimates of $38.20 million. FS Bancorp had a return on equity of 10.84% and a net margin of 15.10%.

FS Bancorp Stock Up 4.4%

FS Bancorp stock opened at $43.43 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. FS Bancorp has a 1-year low of $34.61 and a 1-year high of $44.22. The company has a fifty day simple moving average of $41.33 and a 200 day simple moving average of $40.71. The company has a market cap of $326.59 million, a P/E ratio of 10.59 and a beta of 0.72.

FS Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Friday, February 6th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 6th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.7%. FS Bancorp’s dividend payout ratio is currently 27.32%.

Analyst Ratings Changes

Several research firms have recently weighed in on FSBW. Weiss Ratings reiterated a “buy (b-)” rating on shares of FS Bancorp in a report on Friday, January 9th. DA Davidson set a $41.00 price target on shares of FS Bancorp in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Insider Activity at FS Bancorp

In other news, Director Marina Cofer-Wildsmith sold 3,807 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $40.00, for a total value of $152,280.00. Following the completion of the transaction, the director owned 5,590 shares in the company, valued at $223,600. This trade represents a 40.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 6,356 shares of company stock worth $254,241. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in FS Bancorp by 1,852.8% in the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after purchasing an additional 667 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of FS Bancorp by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock valued at $53,000 after buying an additional 679 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in FS Bancorp by 489.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after buying an additional 1,644 shares during the last quarter. Marshall Wace LLP acquired a new position in FS Bancorp during the second quarter worth $262,000. Finally, Rhumbline Advisers raised its position in FS Bancorp by 4.7% during the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock worth $390,000 after acquiring an additional 446 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.