FS Bancorp (NASDAQ:FSBW) Announces Earnings Results, Beats Expectations By $0.15 EPS

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

FS Bancorp Trading Up 3.7 %

NASDAQ FSBW opened at $44.29 on Wednesday. The company has a market cap of $345.28 million, a P/E ratio of 9.67 and a beta of 0.93. FS Bancorp has a 12 month low of $28.07 and a 12 month high of $47.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 1.06. The company has a 50-day moving average of $43.46 and a 200-day moving average of $38.02.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FSBW. StockNews.com raised shares of FS Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. DA Davidson lifted their target price 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.

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.