Research Analysts Offer Predictions for FS Bancorp, Inc.’s Q2 2023 Earnings (NASDAQ:FSBW)

Posted by on May 4th, 2023

FS Bancorp, Inc. (NASDAQ:FSBW – Get Rating) – Investment analysts at DA Davidson issued their Q2 2023 EPS estimates for FS Bancorp in a report issued on Tuesday, May 2nd. DA Davidson analyst J. Rulis anticipates that the bank will earn $1.17 per share for the quarter. The consensus estimate for FS Bancorp’s current full-year earnings is $4.84 per share. DA Davidson also issued estimates for FS Bancorp’s FY2023 earnings at $4.60 EPS.

Separately, StockNews.com cut FS Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, March 10th.

FS Bancorp Stock Up 2.0 %

FSBW opened at $29.72 on Wednesday. The stock has a market cap of $230.12 million, a PE ratio of 7.58 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.02. FS Bancorp has a 52 week low of $26.08 and a 52 week high of $37.39. The business’s fifty day simple moving average is $30.74 and its 200 day simple moving average is $32.34.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its position in FS Bancorp by 5.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 821,427 shares of the bank’s stock worth $27,469,000 after buying an additional 44,913 shares in the last quarter. BlackRock Inc. lifted its position in shares of FS Bancorp by 1.7% during the 1st quarter. BlackRock Inc. now owns 438,901 shares of the bank’s stock valued at $13,606,000 after buying an additional 7,193 shares in the last quarter. EJF Capital LLC lifted its position in shares of FS Bancorp by 4.1% during the 1st quarter. EJF Capital LLC now owns 383,087 shares of the bank’s stock valued at $11,876,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FS Bancorp by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 367,358 shares of the bank’s stock valued at $12,284,000 after buying an additional 7,180 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of FS Bancorp by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 333,112 shares of the bank’s stock valued at $9,080,000 after buying an additional 9,659 shares in the last quarter. 53.53% of the stock is owned by institutional investors.

FS Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Wednesday, May 10th. FS Bancorp’s dividend payout ratio (DPR) is presently 25.51%.

About FS Bancorp

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FS Bancorp, Inc operates as a bank holding company, which engages in the provision of banking and financial services through its subsidiary. It operates through the Commercial and Consumer Banking, and Home Lending segments. The Commercial and Consumer Banking segment focuses on diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ATM), online banking platforms, mobile banking apps, and telephone banking.

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