FS Bancorp, Inc. (NASDAQ:FSBW) – Research analysts at FIG Partners reduced their Q4 2017 earnings per share (EPS) estimates for shares of FS Bancorp in a report released on Monday. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.95. FIG Partners also issued estimates for FS Bancorp’s Q3 2018 earnings at $0.96 EPS and FY2019 earnings at $4.39 EPS.
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Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. DA Davidson began coverage on FS Bancorp in a research report on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, ValuEngine upgraded FS Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $47.75.
FS Bancorp (NASDAQ FSBW) opened at 49.7103 on Thursday. FS Bancorp has a 12-month low of $27.80 and a 12-month high of $51.72. The stock’s 50 day moving average price is $47.90 and its 200 day moving average price is $43.29. The stock has a market cap of $145.20 million, a price-to-earnings ratio of 11.6527 and a beta of 0.41.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Wednesday, August 9th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. FS Bancorp’s dividend payout ratio is currently 10.23%.
In related news, CEO Joseph C. Adams sold 4,446 shares of FS Bancorp stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total transaction of $199,180.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.19% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Stilwell Value LLC raised its position in shares of FS Bancorp by 4,277.0% during the 2nd quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock worth $5,252,000 after purchasing an additional 5,132,400 shares during the last quarter. ZPR Investment Management raised its position in shares of FS Bancorp by 34.0% during the 2nd quarter. ZPR Investment Management now owns 14,777 shares of the bank’s stock worth $660,000 after purchasing an additional 3,749 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of FS Bancorp during the 2nd quarter worth approximately $338,000. Dimensional Fund Advisors LP acquired a new position in shares of FS Bancorp during the 2nd quarter worth approximately $266,000. Finally, Vanguard Group Inc. raised its position in shares of FS Bancorp by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock worth $2,932,000 after purchasing an additional 2,894 shares during the last quarter. Hedge funds and other institutional investors own 29.50% of the company’s stock.
FS Bancorp Company Profile
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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