Shares of FS Bancorp Inc (NASDAQ:FSBW) have received an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 1 year consensus price target of $61.67 for the company and are predicting that the company will post $1.57 earnings per share for the current quarter, according to Zacks. Zacks has also assigned FS Bancorp an industry rank of 192 out of 255 based on the ratings given to related companies.
A number of research analysts have recently commented on FSBW shares. BidaskClub upgraded FS Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. ValuEngine cut FS Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. Finally, Zacks Investment Research upgraded FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, October 8th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in FS Bancorp by 2.2% during the 2nd quarter. Wells Fargo & Company MN now owns 18,039 shares of the bank’s stock worth $936,000 after acquiring an additional 388 shares during the period. JPMorgan Chase & Co. grew its holdings in FS Bancorp by 199.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 33,563 shares of the bank’s stock worth $1,701,000 after acquiring an additional 22,351 shares during the period. Panagora Asset Management Inc. grew its holdings in FS Bancorp by 9.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 21,972 shares of the bank’s stock worth $1,140,000 after acquiring an additional 1,910 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in FS Bancorp by 5.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,434 shares of the bank’s stock worth $490,000 after acquiring an additional 489 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its holdings in FS Bancorp by 2.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 98,512 shares of the bank’s stock worth $5,110,000 after acquiring an additional 1,995 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.
Shares of FSBW traded up $0.96 during trading hours on Thursday, reaching $62.80. The stock had a trading volume of 11,084 shares, compared to its average volume of 11,680. FS Bancorp has a 12 month low of $41.25 and a 12 month high of $62.22. The stock has a market capitalization of $273.63 million, a PE ratio of 13.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.07. The company’s 50-day moving average is $58.52 and its two-hundred day moving average is $51.80.
FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.16. FS Bancorp had a return on equity of 12.13% and a net margin of 24.60%. The company had revenue of $24.48 million during the quarter, compared to analysts’ expectations of $23.82 million. Equities analysts anticipate that FS Bancorp will post 5.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, October 31st. FS Bancorp’s dividend payout ratio is presently 17.13%.
FS Bancorp Company Profile
FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.
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