FS Bancorp Inc (FSBW) Expected to Post Quarterly Sales of $17.14 Million

Wall Street analysts expect FS Bancorp Inc (NASDAQ:FSBW) to announce $17.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for FS Bancorp’s earnings. The lowest sales estimate is $16.81 million and the highest is $17.70 million. FS Bancorp reported sales of $14.64 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.1%. The business is scheduled to issue its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that FS Bancorp will report full year sales of $17.14 million for the current financial year, with estimates ranging from $64.30 million to $66.50 million. For the next year, analysts expect that the company will post sales of $73.37 million per share, with estimates ranging from $71.30 million to $75.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow FS Bancorp.

FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Thursday, October 26th. The bank reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. FS Bancorp had a net margin of 19.04% and a return on equity of 13.93%.

Several research firms recently weighed in on FSBW. ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, November 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. FS Bancorp currently has an average rating of “Buy” and an average price target of $49.75.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in FS Bancorp in the 4th quarter valued at approximately $122,000. JPMorgan Chase & Co. purchased a new position in FS Bancorp in the 2nd quarter valued at approximately $156,000. Dimensional Fund Advisors LP purchased a new position in FS Bancorp in the 2nd quarter valued at approximately $266,000. Russell Investments Group Ltd. purchased a new position in FS Bancorp in the 3rd quarter valued at approximately $334,000. Finally, Wedge Capital Management L L P NC purchased a new position in FS Bancorp in the 3rd quarter valued at approximately $356,000. Hedge funds and other institutional investors own 42.71% of the company’s stock.

Shares of FS Bancorp (FSBW) opened at $57.91 on Friday. FS Bancorp has a 1-year low of $34.91 and a 1-year high of $58.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market cap of $212.37, a P/E ratio of 13.82, a P/E/G ratio of 1.20 and a beta of 0.49.

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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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Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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