FS Bancorp executives to attend Janney CEO Forum

FS Bancorp, Inc. (NASDAQ:FSBW), a Washington-based savings institution with a market capitalization of $314 million and a P/E ratio of 9x, has announced that its executive team will be attending the 2025 Janney CEO Forum.

The company has maintained a strong track record of dividend payments for 13 consecutive years, according to InvestingPro data. This event is scheduled for Wednesday and Thursday in Scottsdale, Arizona. The disclosure was made in a recent Form 8-K filing with the Securities and Exchange Commission.

The President, Chief Financial Officer Matthew D. Mullet, Senior Vice President Director of Finance Susan Dumontet, and Vice President Controller Phil Whittington will represent FS Bancorp at the forum.

The conference provides a platform for corporate executives, investors, and analysts to discuss industry trends and company strategies. Based on InvestingPro analysis, the company appears fairly valued at current levels, with analysts maintaining a moderate buy consensus and projecting profitability for the upcoming year.

In conjunction with the conference, FS Bancorp has prepared investor materials, which have been attached as Exhibit 99.1 to the filing. These materials will be provided to participants at the event, offering insights into the company’s financial health and operational strategies. The company has demonstrated solid financial performance with a return on equity of 13% and revenue growth of 9% over the past year.

In other recent news, FS Bancorp witnessed a series of significant financial developments. The company reported a 3.8% increase in its quarterly cash dividend, rising from $0.26 to $0.27 per share, benefiting its registered shareholders. It also completed a previously announced $5 million stock repurchase program and authorized a new buyback of up to $5 million of its common stock. This new repurchase plan is set to take place over a 12-month period.

In analyst notes, DA Davidson revised its price target for FS Bancorp shares to $45 from $47, maintaining a Neutral stock rating. The firm noted minor earnings per share discrepancies due to tax calculation adjustments but anticipates an immediate improvement in EPS following the fourth quarter of 2024.

In other company news, FS Bancorp welcomed Terri L. Degner to its Board of Directors and announced key executive changes. Matthew D. Mullet was promoted to President while retaining his CFO role, Sean McCormick (NYSE:MKC) was promoted to Chief Credit Administration Officer, and Robert Nesbitt was appointed as Chief Credit Operations Officer. FS Bancorp’s executives are also set to participate in the Raymond (NSE:RYMD) James U.S. Bank and Banking on Technology Conference in Chicago.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.