FS Bancorp (NASDAQ:FSBW) Issues Earnings Results

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

FS Bancorp Stock Performance

FSBW opened at $44.74 on Friday. 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 business’s 50-day simple moving average is $43.59 and its 200 day simple moving average is $38.11. The firm has a market capitalization of $348.79 million, a PE ratio of 9.77 and a beta of 0.93. FS Bancorp has a 52-week low of $28.07 and a 52-week high of $47.01.

FS Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Thursday, November 7th. FS Bancorp’s dividend payout ratio is currently 23.58%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FSBW. DA Davidson lifted their target price on FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday.

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.