FS Bancorp (FSBW) Posts Earnings Results, Beats Estimates By $0.08 EPS
FS Bancorp (NASDAQ:FSBW) issued its quarterly earnings results on Monday. The bank reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.08, MarketWatch Earnings reports. FS Bancorp had a net margin of 21.47% and a return on equity of 12.76%. The business had revenue of $27.23 million for the quarter, compared to the consensus estimate of $20.03 million.
NASDAQ:FSBW traded up $3.22 during trading hours on Tuesday, hitting $51.37. 34,200 shares of the stock traded hands, compared to its average volume of 14,105. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.10 and a quick ratio of 1.04. FS Bancorp has a 1 year low of $41.25 and a 1 year high of $66.40. The company has a market capitalization of $182.59 million, a P/E ratio of 12.32, a P/E/G ratio of 1.27 and a beta of 0.88.
Several equities analysts have weighed in on the stock. ValuEngine downgraded shares of FS Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Raymond James lowered their price target on shares of FS Bancorp from $68.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, November 15th. Finally, Zacks Investment Research raised shares of FS Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 1st.
FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposits.
Further Reading: How is a Moving Average Calculated?
Receive News & Ratings for FS Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.