DA Davidson Reiterates “Neutral” Rating for FS Bancorp (NASDAQ:FSBW)

FS Bancorp (NASDAQ:FSBW)‘s stock had its “neutral” rating restated by equities researchers at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They currently have a $45.00 price objective on the bank’s stock. DA Davidson’s price objective would indicate a potential upside of 3.31% from the company’s previous close.

Separately, Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

FS Bancorp Stock Performance

Shares of NASDAQ:FSBW opened at $43.56 on Wednesday. FS Bancorp has a 52 week low of $36.66 and a 52 week high of $45.85. The stock has a market capitalization of $235.66 million, a P/E ratio of 10.04 and a beta of 0.65. The firm has a fifty day simple moving average of $42.12 and a two-hundred day simple moving average of $41.17. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. FS Bancorp had a net margin of 14.88% and a return on equity of 10.96%. The firm had revenue of $5.24 million for the quarter, compared to analysts’ expectations of $38.00 million. On average, analysts expect that FS Bancorp will post 4.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FS Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FSBW. Russell Investments Group Ltd. boosted its stake 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 worth $28,000 after purchasing an additional 667 shares during the period. BNP Paribas Financial Markets raised its position in FS Bancorp by 104.3% in the 3rd 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. Tower Research Capital LLC TRC raised its position in FS Bancorp by 489.3% in the 2nd 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. Deutsche Bank AG bought a new stake in FS Bancorp in the fourth quarter worth about $193,000. Finally, Bank of America Corp DE lifted its stake in FS Bancorp by 6.0% in the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock worth $233,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors 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.