FY2024 EPS Estimates for FS Bancorp Increased by DA Davidson

FS Bancorp, Inc. (NASDAQ:FSBW) – Investment analysts at DA Davidson raised their FY2024 earnings per share (EPS) estimates for shares of FS Bancorp in a research note issued on Thursday, October 24th. DA Davidson analyst J. Rulis now forecasts that the bank will earn $4.45 per share for the year, up from their prior forecast of $4.25. DA Davidson has a “Neutral” rating and a $44.00 price objective on the stock. The consensus estimate for FS Bancorp’s current full-year earnings is $4.44 per share.

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday.

FS Bancorp Stock Up 0.9 %

FS Bancorp stock opened at $44.74 on Friday. The firm has a 50 day moving average price of $43.59 and a 200-day moving average price of $38.11. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81. FS Bancorp has a twelve month low of $28.07 and a twelve month high of $47.01. The company has a market capitalization of $348.79 million, a P/E ratio of 9.77 and a beta of 0.93.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.15. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. The company had revenue of $53.01 million during the quarter, compared to analyst estimates of $37.10 million.

FS Bancorp Dividend Announcement

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

Hedge Funds Weigh In On FS Bancorp

Several large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in shares of FS Bancorp by 22.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank’s stock worth $1,348,000 after acquiring an additional 5,614 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in FS Bancorp during the 3rd quarter worth about $62,000. SG Americas Securities LLC bought a new position in FS Bancorp in the 3rd quarter worth about $103,000. Dimensional Fund Advisors LP boosted its stake in FS Bancorp by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock worth $14,401,000 after purchasing an additional 3,811 shares during the period. Finally, Rhumbline Advisers grew its holdings in FS Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock valued at $372,000 after buying an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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 deposit.