FS Bancorp (FSBW) Expected to Announce Quarterly Sales of $16.59 Million

Wall Street brokerages forecast that FS Bancorp (NASDAQ:FSBW) will announce $16.59 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for FS Bancorp’s earnings, with the highest sales estimate coming in at $16.70 million and the lowest estimate coming in at $16.50 million. FS Bancorp reported sales of $14.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that FS Bancorp will report full year sales of $70.96 million for the current year, with estimates ranging from $69.69 million to $72.40 million. For the next year, analysts expect that the firm will post sales of $78.18 million per share, with estimates ranging from $74.74 million to $81.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow FS Bancorp.

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FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Thursday, January 25th. The bank reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.05). The firm had revenue of $16.56 million for the quarter, compared to analysts’ expectations of $17.14 million. FS Bancorp had a return on equity of 13.26% and a net margin of 20.05%.



A number of analysts have commented on FSBW shares. Zacks Investment Research downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine downgraded FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.75.

FSBW traded down $0.47 during trading on Friday, reaching $56.00. 6,165 shares of the stock were exchanged, compared to its average volume of 10,621. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.03. The company has a market cap of $208.95, a price-to-earnings ratio of 13.46, a PEG ratio of 1.21 and a beta of 0.50. FS Bancorp has a 1 year low of $37.51 and a 1 year high of $59.81.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 30th will be given a $0.14 dividend. This is an increase from FS Bancorp’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, April 27th. FS Bancorp’s dividend payout ratio is currently 10.55%.

In other news, Chairman Ted A. Leech sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $54.47, for a total value of $272,350.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Tueffers sold 2,400 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $56.25, for a total value of $135,000.00. Following the completion of the sale, the director now owns 200 shares in the company, valued at $11,250. The disclosure for this sale can be found here. 11.63% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in FS Bancorp by 228.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,753 shares of the bank’s stock valued at $150,000 after purchasing an additional 1,915 shares during the last quarter. Bank of Montreal Can acquired a new position in FS Bancorp in the fourth quarter valued at $122,000. Northpointe Capital LLC increased its stake in FS Bancorp by 4.7% in the fourth quarter. Northpointe Capital LLC now owns 53,262 shares of the bank’s stock valued at $2,907,000 after purchasing an additional 2,384 shares during the last quarter. Advisor Group Inc. acquired a new position in FS Bancorp in the fourth quarter valued at $177,000. Finally, First Trust Advisors LP acquired a new position in FS Bancorp in the fourth quarter valued at $242,000. Hedge funds and other institutional investors own 50.91% of the company’s stock.

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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 families, businesses, and industry niches in Puget Sound area communities, Washington. The company 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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