FS Bancorp, Inc. (NASDAQ:FSBW) – Analysts at FIG Partners raised their FY2017 earnings per share (EPS) estimates for FS Bancorp in a research note issued to investors on Tuesday. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings per share of $4.27 for the year, up from their prior estimate of $4.22. FIG Partners also issued estimates for FS Bancorp’s Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $4.10 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.22 EPS and FY2019 earnings at $4.41 EPS.
Several other research firms also recently commented on FSBW. DA Davidson initiated coverage on shares of FS Bancorp in a report on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price objective for the company. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.75.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 8th. FS Bancorp’s payout ratio is 10.50%.
Several large investors have recently made changes to their positions in FSBW. Beese Fulmer Investment Management Inc. bought a new position in shares of FS Bancorp in the 2nd quarter valued at about $224,000. Acadian Asset Management LLC lifted its holdings in shares of FS Bancorp by 28.6% in the 2nd quarter. Acadian Asset Management LLC now owns 20,883 shares of the bank’s stock valued at $914,000 after acquiring an additional 4,638 shares during the last quarter. Spark Investment Management LLC lifted its holdings in shares of FS Bancorp by 35.2% in the 2nd quarter. Spark Investment Management LLC now owns 14,600 shares of the bank’s stock valued at $639,000 after acquiring an additional 3,800 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of FS Bancorp by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock valued at $271,000 after acquiring an additional 30 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of FS Bancorp in the 2nd quarter valued at about $156,000. 31.27% of the stock is owned by hedge funds and other institutional investors.
FS Bancorp Company Profile
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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