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

Analysts have set a one year consensus price objective of $63.67 for the company and are expecting that the company will post $1.18 EPS for the current quarter, according to Zacks. Zacks has also given FS Bancorp an industry rank of 103 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Thursday, February 1st. ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd.

In other FS Bancorp news, Chairman Ted A. Leech sold 5,000 shares of FS Bancorp stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $54.47, for a total transaction of $272,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Judith A. Cochrane sold 2,600 shares of FS Bancorp stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $57.38, for a total transaction of $149,188.00. Following the transaction, the director now directly owns 8,912 shares in the company, valued at $511,370.56. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock worth $444,306 over the last three months. Insiders own 11.63% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can purchased a new position in shares of FS Bancorp during the fourth quarter worth approximately $122,000. Wells Fargo & Company MN grew its holdings in shares of FS Bancorp by 228.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,753 shares of the bank’s stock worth $150,000 after purchasing an additional 1,915 shares during the last quarter. Advisor Group Inc. bought a new position in shares of FS Bancorp in the fourth quarter worth approximately $177,000. First Trust Advisors LP bought a new position in shares of FS Bancorp in the fourth quarter worth approximately $242,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of FS Bancorp in the fourth quarter worth approximately $283,000. 49.89% of the stock is currently owned by hedge funds and other institutional investors.

FSBW traded up $57.79 on Friday, reaching $57.79. The company had a trading volume of 9,200 shares, compared to its average volume of 11,155. The company has a market capitalization of $213.88 million, a P/E ratio of 12.86, a P/E/G ratio of 1.20 and a beta of 0.48. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 0.97. FS Bancorp has a 52-week low of $57.72 and a 52-week high of $57.90.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Thursday, April 26th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. The business had revenue of $16.52 million for the quarter, compared to the consensus estimate of $16.59 million. FS Bancorp had a net margin of 21.72% and a return on equity of 13.57%. equities analysts anticipate that FS Bancorp will post 4.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Monday, April 30th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, April 27th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 0.97%. FS Bancorp’s dividend payout ratio (DPR) is 13.43%.

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 families, businesses, and industry niches in Puget Sound area communities, Washington. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposits.

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