FS Bancorp (NASDAQ:FSBW) Price Target Cut to $45.00 by Analysts at DA Davidson

FS Bancorp (NASDAQ:FSBW) had its target price trimmed by DA Davidson from $47.00 to $45.00 in a research report report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the bank’s stock.

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

FS Bancorp Trading Down 1.3%

Shares of NASDAQ FSBW opened at $41.00 on Monday. FS Bancorp has a twelve month low of $34.61 and a twelve month high of $44.22. The stock has a market cap of $308.32 million, a price-to-earnings ratio of 9.58 and a beta of 0.72. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $41.48 and its 200-day moving average is $40.69.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). The firm had revenue of $40.01 million during the quarter, compared to the consensus estimate of $38.20 million. FS Bancorp had a net margin of 15.19% and a return on equity of 11.16%. Equities research analysts predict that FS Bancorp will post 4.26 EPS for the current year.

FS Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Friday, February 6th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 6th. This is a boost from FS Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.8%. FS Bancorp’s dividend payout ratio is currently 26.17%.

Insider Buying and Selling

In other FS Bancorp news, Director Marina Cofer-Wildsmith sold 3,807 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $40.00, for a total value of $152,280.00. Following the completion of the transaction, the director directly owned 5,590 shares in the company, valued at $223,600. This trade represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,356 shares of company stock worth $254,241 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Daytona Street Capital LLC bought a new stake in FS Bancorp during the fourth quarter worth $1,335,000. Royce & Associates LP raised its holdings in shares of FS Bancorp by 35.1% in the 3rd quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after purchasing an additional 26,840 shares during the period. Teton Advisors LLC acquired a new stake in FS Bancorp in the 3rd quarter valued at about $838,000. Siena Capital Partners GP LLC bought a new position in FS Bancorp during the third quarter worth about $817,000. Finally, Jane Street Group LLC acquired a new position in FS Bancorp during the second quarter worth approximately $413,000. 63.88% of the stock is currently owned by institutional investors and hedge funds.

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.