FS Bancorp (NASDAQ:FSBW) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

FS Bancorp (NASDAQ:FSBW) posted its quarterly earnings results on Tuesday. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.10, Zacks reports. The company had revenue of $51.81 million for the quarter, compared to the consensus estimate of $35.40 million. FS Bancorp had a return on equity of 13.65% and a net margin of 18.05%.

FS Bancorp Stock Performance

NASDAQ:FSBW traded up $0.26 during mid-day trading on Thursday, reaching $43.17. The company’s stock had a trading volume of 1,949 shares, compared to its average volume of 13,748. The firm’s fifty day moving average price is $34.80 and its two-hundred day moving average price is $33.98. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The stock has a market cap of $336.73 million, a P/E ratio of 9.37 and a beta of 0.94. FS Bancorp has a 12-month low of $28.07 and a 12-month high of $43.50.

FS Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $1.08 annualized dividend and a dividend yield of 2.50%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.26. FS Bancorp’s payout ratio is currently 22.71%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

FS Bancorp Company Profile

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.