FS Bancorp (NASDAQ:FSBW) Issues Quarterly Earnings Results

FS Bancorp (NASDAQ:FSBW) announced its earnings results on Tuesday. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10, Zacks reports. The firm had revenue of $51.81 million for the quarter, compared to the consensus estimate of $35.40 million. FS Bancorp had a return on equity of 13.65% and a net margin of 18.05%.

FS Bancorp Price Performance

Shares of FSBW traded up $1.71 during midday trading on Thursday, reaching $44.62. The stock had a trading volume of 19,136 shares, compared to its average volume of 13,869. FS Bancorp has a 52 week low of $28.07 and a 52 week high of $44.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.01. The firm’s 50 day moving average price is $34.80 and its 200-day moving average price is $33.98. The company has a market capitalization of $348.04 million, a P/E ratio of 9.66 and a beta of 0.94.

FS Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, August 7th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.26. FS Bancorp’s payout ratio is currently 22.71%.

Analyst Ratings Changes

Several analysts have weighed in on FSBW shares. StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. 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 note on Thursday.

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.