FIG Partners Equities Analysts Raise Earnings Estimates for FS Bancorp Inc (FSBW)

FS Bancorp Inc (NASDAQ:FSBW) – Research analysts at FIG Partners boosted their FY2019 EPS estimates for FS Bancorp in a research note issued to investors on Wednesday. FIG Partners analyst T. Coffey now expects that the bank will post earnings of $4.96 per share for the year, up from their prior estimate of $4.41.

Several other brokerages also recently issued reports on FSBW. DA Davidson initiated coverage on shares of FS Bancorp in a research report on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price target on the stock. Zacks Investment Research downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $49.75.

Shares of FS Bancorp (NASDAQ FSBW) traded up $0.24 during midday trading on Friday, reaching $54.35. 7,800 shares of the company traded hands, compared to its average volume of 10,733. The firm has a market cap of $198.85, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.27 and a beta of 0.49. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. FS Bancorp has a 1-year low of $34.10 and a 1-year high of $58.00.

A number of institutional investors have recently added to or reduced their stakes in the business. Stilwell Value LLC lifted its position in FS Bancorp by 4,277.0% during the 2nd quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock valued at $5,252,000 after purchasing an additional 5,132,400 shares during the period. EJF Capital LLC acquired a new position in FS Bancorp during the 3rd quarter valued at about $3,616,000. Maltese Capital Management LLC acquired a new position in FS Bancorp during the 3rd quarter valued at about $3,616,000. Vanguard Group Inc. lifted its position in FS Bancorp by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock valued at $2,932,000 after purchasing an additional 2,894 shares during the period. Finally, Northpointe Capital LLC acquired a new position in FS Bancorp during the 3rd quarter valued at about $2,628,000. Institutional investors own 42.71% of the company’s stock.

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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.

Earnings History and Estimates for FS Bancorp (NASDAQ:FSBW)

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