Zacks: FS Bancorp Inc (NASDAQ:FSBW) Receives Average Recommendation of “Buy” from Analysts

FS Bancorp Inc (NASDAQ:FSBW) has earned an average broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $54.17 for the company and are expecting that the company will post $1.45 earnings per share for the current quarter, according to Zacks. Zacks has also assigned FS Bancorp an industry rank of 223 out of 256 based on the ratings given to related companies.

FSBW has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of FS Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded shares of FS Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, DA Davidson reissued a “neutral” rating on shares of FS Bancorp in a research report on Tuesday, July 30th.

Shares of NASDAQ:FSBW traded down $0.36 during trading hours on Friday, reaching $51.49. The stock had a trading volume of 7,600 shares, compared to its average volume of 9,980. FS Bancorp has a 1 year low of $41.25 and a 1 year high of $57.03. The firm’s 50 day moving average is $48.67 and its 200-day moving average is $49.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.08. The stock has a market capitalization of $223.18 million, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.43 and a beta of 1.05.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.28). FS Bancorp had a net margin of 23.80% and a return on equity of 11.59%. The firm had revenue of $23.62 million during the quarter, compared to analysts’ expectations of $23.14 million. Analysts forecast that FS Bancorp will post 4.98 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Wednesday, August 7th. FS Bancorp’s dividend payout ratio (DPR) is 12.85%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in shares of FS Bancorp by 2,590.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 807 shares of the bank’s stock valued at $41,000 after buying an additional 777 shares during the last quarter. Pecaut & CO. purchased a new position in shares of FS Bancorp in the 1st quarter valued at $214,000. FCA Corp TX purchased a new position in shares of FS Bancorp in the 2nd quarter valued at $245,000. Jane Street Group LLC purchased a new position in shares of FS Bancorp in the 2nd quarter valued at $246,000. Finally, US Bancorp DE grew its position in shares of FS Bancorp by 693.9% in the 2nd quarter. US Bancorp DE now owns 6,232 shares of the bank’s stock valued at $323,000 after buying an additional 5,447 shares during the last quarter. 58.37% of the stock is currently owned by hedge funds and other institutional investors.

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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