FS Bancorp (NASDAQ:FSBW) Announces Earnings Results

FS Bancorp (NASDAQ:FSBW) issued its quarterly earnings data on Tuesday. The bank reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.09), FiscalAI reports. The firm had revenue of $5.24 million during the quarter, compared to analyst estimates of $38.00 million. FS Bancorp had a net margin of 14.91% and a return on equity of 10.88%.

FS Bancorp Stock Up 2.4%

Shares of FS Bancorp stock traded up $1.02 during trading hours on Tuesday, hitting $44.04. 36,513 shares of the company’s stock traded hands, compared to its average volume of 13,901. FS Bancorp has a twelve month low of $36.66 and a twelve month high of $45.85. The company has a market cap of $238.26 million, a PE ratio of 10.27 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The stock has a 50 day simple moving average of $41.91 and a 200-day simple moving average of $41.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its stake in FS Bancorp by 7.2% during the 1st quarter. Empowered Funds LLC now owns 38,822 shares of the bank’s stock valued at $1,476,000 after purchasing an additional 2,611 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FS Bancorp by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after purchasing an additional 826 shares in the last quarter. Rhumbline Advisers raised its position in shares of FS Bancorp by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after purchasing an additional 446 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of FS Bancorp during the 2nd quarter valued at approximately $262,000. Finally, Jane Street Group LLC purchased a new position in shares of FS Bancorp during the 2nd quarter valued at approximately $413,000. Hedge funds and other institutional investors 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.