DA Davidson Issues Positive Forecast for FS Bancorp (NASDAQ:FSBW) Stock Price

FS Bancorp (NASDAQ:FSBW) had its price target upped by investment analysts at DA Davidson from $45.00 to $46.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. DA Davidson’s price target points to a potential upside of 14.95% from the company’s previous close.

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

FS Bancorp Trading Down 2.7%

Shares of NASDAQ:FSBW traded down $1.11 during trading on Friday, reaching $40.02. 11,345 shares of the company traded hands, compared to its average volume of 9,175. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. FS Bancorp has a 52-week low of $34.61 and a 52-week high of $44.22. The firm has a market capitalization of $300.92 million, a price-to-earnings ratio of 9.43 and a beta of 0.71. The business’s fifty day moving average is $41.73 and its 200-day moving average is $40.89.

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

Hedge Funds Weigh In On FS Bancorp

A number of institutional investors have recently added to or reduced their stakes in FSBW. Russell Investments Group Ltd. boosted its holdings in shares of FS Bancorp by 1,852.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after buying an additional 667 shares in the last quarter. CWM LLC lifted its position in FS Bancorp by 135.0% during the 3rd quarter. CWM LLC now owns 1,060 shares of the bank’s stock valued at $42,000 after acquiring an additional 609 shares during the period. Root Financial Partners LLC bought a new stake in FS Bancorp during the third quarter worth about $49,000. BNP Paribas Financial Markets grew its holdings in FS Bancorp by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after purchasing an additional 679 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after purchasing an additional 1,644 shares during the period. 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.