FS Bancorp (NASDAQ:FSBW) Announces Earnings Results, Misses Estimates By $0.03 EPS

FS Bancorp (NASDAQ:FSBW) announced its quarterly earnings data on Wednesday. The bank reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.03), Zacks reports. FS Bancorp had a net margin of 15.10% and a return on equity of 10.84%.

FS Bancorp Stock Performance

Shares of FSBW traded up $1.84 during midday trading on Wednesday, hitting $43.43. 15,485 shares of the stock traded hands, compared to its average volume of 8,692. The business’s 50 day moving average price is $41.26 and its two-hundred day moving average price is $40.69. The firm has a market capitalization of $326.51 million, a PE ratio of 10.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.01. FS Bancorp has a 1-year low of $34.61 and a 1-year high of $44.22.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FSBW shares. Weiss Ratings restated a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. DA Davidson set a $41.00 price target on shares of FS Bancorp in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Insiders Place Their Bets

In other FS Bancorp news, Director Marina Cofer-Wildsmith sold 2,371 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $94,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 6,356 shares of company stock valued at $254,241. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On FS Bancorp

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of FS Bancorp by 1,852.8% during the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after buying an additional 667 shares during the period. BNP Paribas Financial Markets boosted its position in FS Bancorp by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after purchasing an additional 1,644 shares in the last quarter. Marshall Wace LLP bought a new position in shares of FS Bancorp in the second quarter worth $262,000. Finally, Rhumbline Advisers increased its holdings in shares of FS Bancorp by 4.7% during the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after purchasing an additional 446 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.