$14.95 Million in Sales Expected for FS Bancorp, Inc. (FSBW) This Quarter
Equities analysts predict that FS Bancorp, Inc. (NASDAQ:FSBW) will post sales of $14.95 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for FS Bancorp’s earnings, with the highest sales estimate coming in at $15.60 million and the lowest estimate coming in at $14.30 million. FS Bancorp reported sales of $14.65 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The company is expected to report its next earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that FS Bancorp will report full-year sales of $14.95 million for the current year, with estimates ranging from $58.50 million to $60.90 million. For the next fiscal year, analysts forecast that the company will post sales of $64.20 million per share, with estimates ranging from $64.00 million to $64.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow FS Bancorp.
FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, April 26th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.10. FS Bancorp had a net margin of 17.91% and a return on equity of 14.26%. The company had revenue of $14.40 million for the quarter, compared to the consensus estimate of $14.05 million.
A number of brokerages recently commented on FSBW. Raymond James Financial, Inc. began coverage on shares of FS Bancorp in a report on Wednesday, April 19th. They set an “outperform” rating and a $43.00 price objective on the stock. 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 report on Monday, June 19th. ValuEngine upgraded shares of FS Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, FIG Partners began coverage on shares of FS Bancorp in a report on Monday, April 17th. They set an “outperform” rating and a $44.00 price objective on the stock.
Shares of FS Bancorp (NASDAQ FSBW) opened at 44.23 on Friday. FS Bancorp has a 52 week low of $25.13 and a 52 week high of $46.45. The firm has a market capitalization of $127.12 million, a P/E ratio of 11.60 and a beta of 0.43. The firm’s 50-day moving average is $44.41 and its 200 day moving average is $39.29.
In related news, COO Drew B. Ness sold 1,721 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $43.51, for a total value of $74,880.71. Following the completion of the transaction, the chief operating officer now owns 9,224 shares of the company’s stock, valued at $401,336.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Drew B. Ness sold 4,779 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $43.88, for a total transaction of $209,702.52. Following the completion of the transaction, the chief operating officer now directly owns 12,721 shares of the company’s stock, valued at approximately $558,197.48. The disclosure for this sale can be found here. Company insiders own 13.19% of the company’s stock.
A hedge fund recently bought a new stake in FS Bancorp stock. Beese Fulmer Investment Management Inc. bought a new position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,983 shares of the bank’s stock, valued at approximately $224,000. Beese Fulmer Investment Management Inc. owned approximately 0.17% of FS Bancorp as of its most recent SEC filing. 34.92% of the stock is owned by institutional investors.
About FS Bancorp
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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