Wall Street analysts expect FS Bancorp, Inc. (NASDAQ:FSBW) to report $15.95 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for FS Bancorp’s earnings, with the lowest sales estimate coming in at $15.90 million and the highest estimate coming in at $16.00 million. FS Bancorp posted sales of $16.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.3%. The business is scheduled to report its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that FS Bancorp will report full year sales of $15.95 million for the current fiscal year, with estimates ranging from $60.90 million to $62.30 million. For the next financial year, analysts anticipate that the business will report sales of $66.35 million per share, with estimates ranging from $64.40 million to $68.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover FS Bancorp.

A number of research analysts have recently commented on the company. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a report on Wednesday, August 2nd. FIG Partners assumed coverage on FS Bancorp in a report on Monday, April 17th. They set an “outperform” rating and a $44.00 price target on the stock. Raymond James Financial, Inc. assumed coverage on FS Bancorp in a report on Wednesday, April 19th. They set an “outperform” rating and a $43.00 price target on the stock. Finally, ValuEngine raised FS Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd.

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In other news, CEO Joseph C. Adams sold 4,446 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total transaction of $199,180.80. The sale was disclosed in a document filed 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 value of $209,702.52. Following the transaction, the chief operating officer now directly owns 12,721 shares in the company, valued at $558,197.48. The disclosure for this sale can be found here. Insiders have sold 10,946 shares of company stock worth $483,764 over the last three months. Corporate insiders own 13.19% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC raised its position in shares of FS Bancorp by 35.2% in the second quarter. Spark Investment Management LLC now owns 14,600 shares of the bank’s stock worth $639,000 after buying an additional 3,800 shares during the period. Acadian Asset Management LLC raised its position in shares of FS Bancorp by 28.6% in the second quarter. Acadian Asset Management LLC now owns 20,883 shares of the bank’s stock worth $914,000 after buying an additional 4,638 shares during the period. Finally, Beese Fulmer Investment Management Inc. acquired a new position in shares of FS Bancorp during the second quarter worth approximately $224,000. 35.23% of the stock is currently owned by institutional investors.

Shares of FS Bancorp (NASDAQ FSBW) opened at 45.70 on Monday. FS Bancorp has a 12 month low of $26.55 and a 12 month high of $46.45. The stock has a market capitalization of $133.49 million, a price-to-earnings ratio of 10.72 and a beta of 0.43. The firm’s 50 day moving average is $44.15 and its 200 day moving average is $40.59.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is 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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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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