DA Davidson Weighs in on FS Bancorp, Inc.’s FY2017 Earnings (FSBW)
FS Bancorp, Inc. (NASDAQ:FSBW) – Equities research analysts at DA Davidson upped their FY2017 earnings estimates for FS Bancorp in a report issued on Friday. DA Davidson analyst J. Rulis now expects that the bank will post earnings per share of $4.15 for the year, up from their previous estimate of $4.05. DA Davidson currently has a “Neutral” rating and a $52.00 target price on the stock. DA Davidson also issued estimates for FS Bancorp’s Q4 2017 earnings at $0.86 EPS, Q1 2018 earnings at $0.87 EPS, Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.85 EPS and FY2019 earnings at $4.15 EPS.
Separately, Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.75.
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Shares of FS Bancorp (FSBW) opened at 53.79 on Monday. The company has a market capitalization of $157.12 million, a P/E ratio of 12.61 and a beta of 0.42. The stock’s 50 day moving average price is $51.50 and its 200 day moving average price is $46.29. FS Bancorp has a 52-week low of $28.96 and a 52-week high of $54.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of FS Bancorp by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after purchasing an additional 30 shares during the period. Seizert Capital Partners LLC grew its holdings in shares of FS Bancorp by 4.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 16,855 shares of the bank’s stock worth $757,000 after purchasing an additional 789 shares during the period. LSV Asset Management grew its holdings in shares of FS Bancorp by 5.4% during the 2nd quarter. LSV Asset Management now owns 17,512 shares of the bank’s stock worth $781,000 after purchasing an additional 900 shares during the period. Vanguard Group Inc. grew its holdings in shares of FS Bancorp by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock worth $2,932,000 after purchasing an additional 2,894 shares during the period. Finally, Context BH Capital Management LP grew its holdings in shares of FS Bancorp by 8.5% during the 2nd quarter. Context BH Capital Management LP now owns 42,343 shares of the bank’s stock worth $1,853,000 after purchasing an additional 3,322 shares during the period. Institutional investors and hedge funds own 31.27% of the company’s stock.
In other news, CEO Joseph C. Adams sold 4,446 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.19% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 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 0.82%. The ex-dividend date of this dividend is Wednesday, November 8th. FS Bancorp’s dividend payout ratio is presently 10.50%.
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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