FS Bancorp, Inc. (NASDAQ:FSBW) – Stock analysts at DA Davidson issued their Q3 2017 earnings per share (EPS) estimates for shares of FS Bancorp in a report released on Tuesday. DA Davidson analyst J. Rulis anticipates that the bank will post earnings of $1.02 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $52.00 target price on the stock. DA Davidson also issued estimates for FS Bancorp’s Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $4.05 EPS, Q1 2018 earnings at $0.84 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.75 EPS and FY2019 earnings at $4.05 EPS.
Several other research firms have also recently weighed in on FSBW. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Monday, June 19th. ValuEngine upgraded shares of FS Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.75.
FS Bancorp (NASDAQ:FSBW) opened at 49.09 on Friday. The firm has a 50-day moving average price of $47.58 and a 200 day moving average price of $43.03. The company has a market cap of $143.39 million, a P/E ratio of 11.51 and a beta of 0.41. FS Bancorp has a 12 month low of $27.80 and a 12 month high of $51.72.
A number of hedge funds and other institutional investors have recently modified their holdings of FSBW. JPMorgan Chase & Co. bought a new position in FS Bancorp during the second quarter valued at approximately $156,000. Beese Fulmer Investment Management Inc. bought a new position in FS Bancorp during the second quarter valued at approximately $224,000. Dimensional Fund Advisors LP bought a new position in FS Bancorp during the second quarter valued at approximately $266,000. Cambridge Investment Research Advisors Inc. grew its position in FS Bancorp by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock valued at $271,000 after acquiring an additional 30 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in FS Bancorp during the second quarter valued at approximately $338,000.
In related news, CEO Joseph C. Adams sold 4,446 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $44.80, for a total value of $199,180.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.19% of the stock is currently owned by corporate insiders.
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 $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, August 7th. FS Bancorp’s dividend payout ratio (DPR) is 10.23%.
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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