FS Bancorp, Inc. Forecasted to Post Q2 2024 Earnings of $1.00 Per Share (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of FS Bancorp in a research report issued to clients and investors on Wednesday, May 1st. DA Davidson analyst J. Rulis expects that the bank will post earnings of $1.00 per share for the quarter. The consensus estimate for FS Bancorp’s current full-year earnings is $4.27 per share.

Separately, StockNews.com cut FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday.

FS Bancorp Trading Up 1.0 %

Shares of FS Bancorp stock opened at $32.80 on Thursday. The company’s fifty day moving average is $32.58 and its two-hundred day moving average is $33.13. FS Bancorp has a 1 year low of $27.32 and a 1 year high of $38.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $256.17 million, a P/E ratio of 7.09 and a beta of 0.95.

FS Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.04 dividend on an annualized basis and a yield of 3.17%. FS Bancorp’s payout ratio is currently 22.71%.

Institutional Trading of FS Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in FS Bancorp by 5.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after purchasing an additional 389 shares in the last quarter. SG Americas Securities LLC purchased a new position in FS Bancorp in the fourth quarter worth $119,000. Panagora Asset Management Inc. raised its position in FS Bancorp by 69.7% in the third quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock worth $440,000 after acquiring an additional 6,121 shares in the last quarter. HighTower Advisors LLC raised its position in FS Bancorp by 2.1% in the third quarter. HighTower Advisors LLC now owns 29,479 shares of the bank’s stock worth $870,000 after acquiring an additional 597 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its position in FS Bancorp by 3.7% in the third quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank’s stock worth $7,986,000 after acquiring an additional 9,716 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

About FS Bancorp

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.