FS Bancorp (NASDAQ:FSBW) Issues Earnings Results

FS Bancorp (NASDAQ:FSBW) posted its quarterly earnings data on Tuesday. The bank reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.15, Yahoo Finance reports. The firm had revenue of $53.01 million for the quarter, compared to analysts’ expectations of $37.10 million. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%.

FS Bancorp Price Performance

Shares of FSBW traded up $0.43 during trading hours on Wednesday, hitting $44.72. 283 shares of the company were exchanged, compared to its average volume of 15,005. The company has a market cap of $348.64 million, a price-to-earnings ratio of 9.76 and a beta of 0.93. The firm’s fifty day moving average is $43.46 and its 200 day moving average is $38.02. FS Bancorp has a fifty-two week low of $28.07 and a fifty-two week high of $47.01. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

FSBW has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of FS Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. StockNews.com raised shares of FS Bancorp from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

About FS Bancorp

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 deposit.