Analysts predict that FS Bancorp Inc (NASDAQ:FSBW) will announce $27.95 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for FS Bancorp’s earnings. The highest sales estimate is $28.40 million and the lowest is $27.50 million. FS Bancorp posted sales of $24.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 22nd.
According to Zacks, analysts expect that FS Bancorp will report full year sales of $109.70 million for the current financial year, with estimates ranging from $109.40 million to $110.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $100.80 million, with estimates ranging from $97.10 million to $104.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $1.20. The business had revenue of $31.99 million for the quarter, compared to analysts’ expectations of $24.95 million. FS Bancorp had a return on equity of 14.07% and a net margin of 22.78%.
Several analysts have recently issued reports on the company. Zacks Investment Research cut FS Bancorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered FS Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Raymond James restated a “buy” rating on shares of FS Bancorp in a report on Tuesday, August 25th.
Shares of FSBW traded up $1.10 during mid-day trading on Wednesday, hitting $42.10. 4,294 shares of the stock were exchanged, compared to its average volume of 14,711. The company has a market cap of $178.76 million, a PE ratio of 6.66 and a beta of 1.31. FS Bancorp has a 52-week low of $27.50 and a 52-week high of $64.41. The firm has a 50-day moving average of $40.44 and a two-hundred day moving average of $38.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.08.
A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can grew its position in FS Bancorp by 36.2% in the 2nd quarter. Bank of Montreal Can now owns 1,099 shares of the bank’s stock valued at $38,000 after acquiring an additional 292 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in FS Bancorp by 35.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,252 shares of the bank’s stock valued at $45,000 after acquiring an additional 325 shares during the last quarter. Bank of New York Mellon Corp grew its position in FS Bancorp by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 37,453 shares of the bank’s stock valued at $1,445,000 after acquiring an additional 338 shares during the last quarter. Citigroup Inc. grew its position in FS Bancorp by 48.3% in the 1st quarter. Citigroup Inc. now owns 1,188 shares of the bank’s stock valued at $43,000 after acquiring an additional 387 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in FS Bancorp by 19.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,007 shares of the bank’s stock valued at $432,000 after acquiring an additional 1,986 shares during the last quarter. 58.07% of the stock is currently owned by institutional investors.
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 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.
See Also: Gross Domestic Product (GDP)
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