FS Bancorp (NASDAQ:FSBW) Price Target Raised to $46.00

FS Bancorp (NASDAQ:FSBW) had its target price upped by analysts at DA Davidson from $45.00 to $46.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s target price would suggest a potential upside of 14.95% from the stock’s current price.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, FS Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Stock Down 2.7%

Shares of NASDAQ FSBW traded down $1.11 during trading on Friday, reaching $40.02. The company had a trading volume of 11,345 shares, compared to its average volume of 9,175. FS Bancorp has a 12-month low of $34.61 and a 12-month high of $44.22. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average is $41.73 and its 200 day moving average is $40.89. The stock has a market cap of $300.92 million, a PE ratio of 9.43 and a beta of 0.71.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.03). The company had revenue of $40.01 million during the quarter, compared to analysts’ expectations of $38.20 million. FS Bancorp had a return on equity of 11.16% and a net margin of 15.19%. As a group, equities analysts forecast that FS Bancorp will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FSBW. Dimensional Fund Advisors LP grew its stake in shares of FS Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock valued at $17,224,000 after purchasing an additional 1,727 shares during the period. De Lisle Partners LLP boosted its holdings in shares of FS Bancorp by 1.5% in the second quarter. De Lisle Partners LLP now owns 385,451 shares of the bank’s stock worth $15,193,000 after buying an additional 5,530 shares during the last quarter. Geode Capital Management LLC grew its position in FS Bancorp by 0.5% during the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after buying an additional 826 shares during the period. Royce & Associates LP increased its holdings in FS Bancorp by 35.1% during the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after buying an additional 26,840 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of FS Bancorp by 6.9% during the 2nd quarter. American Century Companies Inc. now owns 85,878 shares of the bank’s stock worth $3,382,000 after acquiring an additional 5,562 shares during the last quarter. Institutional investors own 63.88% of the company’s stock.

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.