FS Bancorp (NASDAQ:FSBW) Given New $45.00 Price Target at DA Davidson

FS Bancorp (NASDAQ:FSBW) had its target price lowered by research analysts at DA Davidson from $47.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price indicates a potential upside of 9.34% from the company’s previous close.

Separately, Weiss Ratings reissued 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.com, FS Bancorp currently has an average rating of “Moderate Buy” and an average target price of $45.00.

FS Bancorp Price Performance

NASDAQ:FSBW traded down $0.40 during trading hours on Monday, hitting $41.16. The company’s stock had a trading volume of 1,371 shares, compared to its average volume of 8,390. The business’s 50-day moving average is $41.44 and its two-hundred day moving average is $40.70. The company has a market capitalization of $309.49 million, a PE ratio of 9.62 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.01. FS Bancorp has a 52-week low of $34.61 and a 52-week high of $44.22.

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

Insider Activity at FS Bancorp

In other news, Director Marina Cofer-Wildsmith sold 3,807 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $40.00, for a total transaction of $152,280.00. Following the transaction, the director directly owned 5,590 shares in the company, valued at $223,600. This represents a 40.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 6,356 shares of company stock worth $254,241. Corporate insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On FS Bancorp

Hedge funds have recently made changes to their positions in the stock. Daytona Street Capital LLC purchased a new position in shares of FS Bancorp in the 4th quarter worth $1,335,000. Royce & Associates LP lifted its stake in shares of FS Bancorp by 35.1% in the 3rd quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after purchasing an additional 26,840 shares in the last quarter. Teton Advisors LLC purchased a new stake in shares of FS Bancorp during the 3rd quarter worth about $838,000. Siena Capital Partners GP LLC purchased a new stake in shares of FS Bancorp during the 3rd quarter worth about $817,000. Finally, Jane Street Group LLC acquired a new stake in FS Bancorp during the 2nd quarter worth approximately $413,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Company Profile

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.