Zacks: Analysts Set $57.33 Price Target for FS Bancorp Inc (NASDAQ:FSBW)

Shares of FS Bancorp Inc (NASDAQ:FSBW) have been given an average broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. FS Bancorp’s rating score has improved by 25% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus target price of $57.33 for the company and are expecting that the company will post $1.47 EPS for the current quarter, according to Zacks. Zacks has also given FS Bancorp an industry rank of 224 out of 256 based on the ratings given to its competitors.

Several analysts have recently issued reports on FSBW shares. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine upgraded XOMA from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.

Shares of NASDAQ:FSBW traded up $0.13 on Tuesday, hitting $48.63. The company had a trading volume of 7,821 shares, compared to its average volume of 10,359. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.04 and a current ratio of 1.07. FS Bancorp has a 52-week low of $41.25 and a 52-week high of $62.62. The business has a 50 day moving average of $49.60. The firm has a market capitalization of $218.45 million, a P/E ratio of 10.41, a PEG ratio of 1.27 and a beta of 1.03.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. FS Bancorp’s dividend payout ratio is currently 12.85%.

In other news, VP Debra Lynn Steck sold 30,540 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $48.02, for a total value of $1,466,530.80. The sale was disclosed in a filing with the SEC, which is available through this link. 8.62% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in FS Bancorp by 2,590.0% in the first quarter. BNP Paribas Arbitrage SA now owns 807 shares of the bank’s stock valued at $41,000 after purchasing an additional 777 shares during the last quarter. American International Group Inc. increased its stake in FS Bancorp by 18.8% in the fourth quarter. American International Group Inc. now owns 2,489 shares of the bank’s stock valued at $107,000 after purchasing an additional 393 shares during the last quarter. FCA Corp TX acquired a new position in FS Bancorp in the fourth quarter valued at $120,000. Pecaut & CO. acquired a new position in FS Bancorp in the first quarter valued at $214,000. Finally, Wedbush Securities Inc. acquired a new position in FS Bancorp in the first quarter valued at $233,000. Hedge funds and other institutional investors own 56.25% of the company’s stock.

About FS Bancorp

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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