FS Bancorp Inc (FSBW) Receives Consensus Recommendation of “Buy” from Analysts

Shares of FS Bancorp Inc (NASDAQ:FSBW) have been given an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

Brokerages have set a one year consensus target price of $59.00 for the company and are anticipating that the company will post $0.92 earnings per share for the current quarter, according to Zacks. Zacks has also given FS Bancorp an industry rank of 5 out of 265 based on the ratings given to related companies.

FSBW has been the topic of a number of research analyst reports. DA Davidson initiated coverage on FS Bancorp in a report on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price target on the stock. Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine cut FS Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.

Several institutional investors have recently bought and sold shares of FSBW. Stilwell Value LLC lifted its holdings in shares of FS Bancorp by 4,277.0% in the 2nd quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock worth $5,252,000 after purchasing an additional 5,132,400 shares in the last quarter. EJF Capital LLC bought a new position in shares of FS Bancorp in the 3rd quarter worth $3,616,000. Maltese Capital Management LLC bought a new position in shares of FS Bancorp in the 3rd quarter worth $3,616,000. Northpointe Capital LLC bought a new position in shares of FS Bancorp in the 3rd quarter worth $2,628,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of FS Bancorp in the 3rd quarter worth $2,422,000. Hedge funds and other institutional investors own 42.71% of the company’s stock.

FS Bancorp (NASDAQ:FSBW) traded up $0.45 during trading on Wednesday, hitting $54.50. The company’s stock had a trading volume of 10,300 shares, compared to its average volume of 10,100. The company has a market cap of $198.81, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.49. FS Bancorp has a 52-week low of $34.51 and a 52-week high of $58.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96.

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FS Bancorp Company Profile

FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.

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