DA Davidson Lowers FS Bancorp (NASDAQ:FSBW) Price Target to $45.00

FS Bancorp (NASDAQ:FSBW) had its price objective lowered by analysts at DA Davidson from $47.00 to $45.00 in a report issued on Monday, Marketbeat reports. The firm currently has a “neutral” rating on the bank’s stock. DA Davidson’s price objective would suggest a potential upside of 11.17% from the company’s previous close.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

FS Bancorp Trading Down 1.3%

Shares of FS Bancorp stock opened at $40.48 on Monday. FS Bancorp has a 52-week low of $34.61 and a 52-week high of $44.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.00. The company’s fifty day moving average price is $41.51 and its two-hundred day moving average price is $40.68. The firm has a market capitalization of $304.41 million, a PE ratio of 9.46 and a beta of 0.72.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). FS Bancorp had a net margin of 15.19% and a return on equity of 11.16%. The business had revenue of $40.01 million during the quarter, compared to analyst estimates of $38.20 million. On average, analysts expect that FS Bancorp will post 4.26 EPS for the current year.

Insiders Place Their Bets

In related news, Director Marina Cofer-Wildsmith sold 2,371 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $94,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 6,356 shares of company stock worth $254,241. 12.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in FS Bancorp by 1,852.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after acquiring an additional 667 shares during the period. CWM LLC raised its holdings 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 buying an additional 609 shares during the period. Root Financial Partners LLC purchased a new stake in FS Bancorp in the third quarter worth $49,000. BNP Paribas Financial Markets boosted its position in FS Bancorp by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock valued at $53,000 after acquiring an additional 679 shares in the last quarter. Finally, Copeland Capital Management LLC grew its stake in shares of FS Bancorp by 16.4% during the second quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank’s stock worth $69,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other 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.