DA Davidson Predicts Increased Earnings for FS Bancorp

FS Bancorp, Inc. (NASDAQ:FSBW) – DA Davidson lifted their FY2025 earnings estimates for FS Bancorp in a research note issued on Thursday, January 23rd. DA Davidson analyst J. Rulis now expects that the bank will earn $4.40 per share for the year, up from their previous forecast of $4.25. The consensus estimate for FS Bancorp’s current full-year earnings is $4.45 per share.

Separately, StockNews.com cut shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

FS Bancorp Stock Up 1.9 %

FSBW stock opened at $41.10 on Monday. The stock has a market capitalization of $321.40 million, a P/E ratio of 9.34 and a beta of 0.96. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. FS Bancorp has a 12 month low of $30.64 and a 12 month high of $49.15. The firm has a 50-day moving average price of $43.17 and a 200-day moving average price of $43.31.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.12). FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of FS Bancorp by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock worth $14,401,000 after buying an additional 3,811 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of FS Bancorp during the 3rd quarter worth approximately $103,000. Copeland Capital Management LLC bought a new position in shares of FS Bancorp during the 3rd quarter worth approximately $62,000. Assenagon Asset Management S.A. boosted its holdings in shares of FS Bancorp by 22.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank’s stock worth $1,348,000 after buying an additional 5,614 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of FS Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,519 shares of the bank’s stock worth $1,536,000 after buying an additional 1,742 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.28 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.73%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.27. FS Bancorp’s dividend payout ratio is currently 24.55%.

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.