Q4 Earnings Estimate for FS Bancorp Issued By DA Davidson

FS Bancorp, Inc. (NASDAQ:FSBW) – Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of FS Bancorp in a research note issued on Thursday, October 24th. DA Davidson analyst J. Rulis expects that the bank will post earnings of $0.97 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $44.00 price target on the stock. The consensus estimate for FS Bancorp’s current full-year earnings is $4.44 per share. DA Davidson also issued estimates for FS Bancorp’s FY2025 earnings at $4.25 EPS.

Separately, StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

FS Bancorp Price Performance

FSBW opened at $45.50 on Monday. The business has a fifty day moving average of $43.77 and a 200 day moving average of $38.43. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81. The stock has a market cap of $354.72 million, a P/E ratio of 9.93 and a beta of 0.93. FS Bancorp has a 52-week low of $28.07 and a 52-week high of $47.01.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, topping the consensus estimate of $1.14 by $0.15. FS Bancorp had a return on equity of 13.58% and a net margin of 18.28%. The company had revenue of $53.01 million during the quarter, compared to analyst estimates of $37.10 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FSBW. Assenagon Asset Management S.A. acquired a new position in shares of FS Bancorp in the 2nd quarter worth approximately $900,000. TCW Group Inc. grew its stake in shares of FS Bancorp by 0.6% in the second quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock valued at $10,579,000 after buying an additional 1,706 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of FS Bancorp by 64.5% in the first quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock valued at $79,000 after buying an additional 897 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of FS Bancorp by 4.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock valued at $268,000 after buying an additional 320 shares during the period. Finally, Bank of New York Mellon Corp grew its position in FS Bancorp by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock valued at $2,231,000 after acquiring an additional 2,761 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.08 annualized dividend and a yield of 2.37%. FS Bancorp’s dividend payout ratio is presently 23.58%.

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.