FS Bancorp (NASDAQ:FSBW) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

FS Bancorp (NASDAQ:FSBW) released its earnings results on Wednesday. The bank reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03), Zacks reports. FS Bancorp had a net margin of 15.10% and a return on equity of 10.84%.

FS Bancorp Stock Up 4.4%

FSBW traded up $1.84 during trading on Wednesday, reaching $43.43. The stock had a trading volume of 15,485 shares, compared to its average volume of 8,692. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $326.51 million, a price-to-earnings ratio of 10.59 and a beta of 0.72. The stock’s 50 day moving average is $41.26 and its two-hundred day moving average is $40.69. FS Bancorp has a one year low of $34.61 and a one year high of $44.22.

Insider Activity

In related news, Director Marina Cofer-Wildsmith sold 3,807 shares of FS Bancorp stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $40.00, for a total transaction of $152,280.00. Following the completion of the transaction, the director directly owned 5,590 shares of the company’s stock, valued at $223,600. This trade represents a 40.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 6,356 shares of company stock valued at $254,241. 12.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after acquiring an additional 667 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of FS Bancorp by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after purchasing an additional 679 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after purchasing an additional 1,644 shares during the last quarter. Marshall Wace LLP bought a new position in shares of FS Bancorp during the second quarter valued at $262,000. Finally, Rhumbline Advisers lifted its holdings in shares of FS Bancorp by 4.7% during the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after purchasing an additional 446 shares in the last quarter. Institutional investors own 63.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. DA Davidson set a $41.00 price target on FS Bancorp in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.