Zacks: Brokerages Expect FS Bancorp Inc (FSBW) Will Post Quarterly Sales of $22.56 Million

Equities analysts expect FS Bancorp Inc (NASDAQ:FSBW) to announce sales of $22.56 million for the current quarter, according to Zacks. Three analysts have made estimates for FS Bancorp’s earnings, with the lowest sales estimate coming in at $21.87 million and the highest estimate coming in at $23.70 million. FS Bancorp posted sales of $16.52 million in the same quarter last year, which suggests a positive year over year growth rate of 36.6%. The business is expected to announce its next quarterly earnings report on Thursday, April 25th.

On average, analysts expect that FS Bancorp will report full year sales of $94.20 million for the current financial year, with estimates ranging from $91.40 million to $98.90 million. For the next financial year, analysts anticipate that the firm will report sales of $99.52 million, with estimates ranging from $95.90 million to $102.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FS Bancorp.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Monday, January 28th. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.08. The business had revenue of $27.23 million during the quarter, compared to the consensus estimate of $20.03 million. FS Bancorp had a return on equity of 13.98% and a net margin of 27.30%.

A number of equities analysts have recently commented on FSBW shares. ValuEngine raised FS Bancorp from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research raised FS Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Raymond James lowered their price target on FS Bancorp from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, November 15th.

NASDAQ FSBW traded down $0.29 during midday trading on Friday, hitting $52.15. The company had a trading volume of 12,000 shares, compared to its average volume of 13,291. The stock has a market capitalization of $194.81 million, a PE ratio of 11.24, a P/E/G ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.10 and a quick ratio of 1.04. FS Bancorp has a twelve month low of $41.25 and a twelve month high of $66.40.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.14. FS Bancorp’s payout ratio is 12.85%.

Several institutional investors have recently bought and sold shares of FSBW. Schwab Charles Investment Management Inc. acquired a new position in shares of FS Bancorp during the 2nd quarter worth $380,000. BlackRock Inc. grew its position in FS Bancorp by 538.9% during the 2nd quarter. BlackRock Inc. now owns 193,733 shares of the bank’s stock worth $12,252,000 after acquiring an additional 163,411 shares during the last quarter. Dimensional Fund Advisors LP grew its position in FS Bancorp by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 53,667 shares of the bank’s stock worth $3,395,000 after acquiring an additional 13,470 shares during the last quarter. Bank of America Corp DE grew its position in FS Bancorp by 814.0% during the 2nd quarter. Bank of America Corp DE now owns 15,163 shares of the bank’s stock worth $959,000 after acquiring an additional 13,504 shares during the last quarter. Finally, Northern Trust Corp grew its position in FS Bancorp by 312.5% during the 2nd quarter. Northern Trust Corp now owns 37,389 shares of the bank’s stock worth $2,365,000 after acquiring an additional 28,324 shares during the last quarter. 65.83% of the stock is owned by institutional investors.

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 deposits.

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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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