FS Bancorp (NASDAQ:FSBW) Stock Price Expected to Rise, DA Davidson Analyst Says

FS Bancorp (NASDAQ:FSBW) had its price objective increased by equities research analysts at DA Davidson from $45.00 to $46.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. DA Davidson’s target price would suggest a potential upside of 16.43% from the stock’s current price.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

FS Bancorp Stock Performance

Shares of FSBW opened at $39.51 on Friday. 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 stock has a market cap of $297.12 million, a P/E ratio of 9.23 and a beta of 0.71. The business’s 50 day moving average price is $41.66 and its 200-day moving average price is $40.90. FS Bancorp has a 52 week low of $34.61 and a 52 week high of $44.22.

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

Hedge Funds Weigh In On FS Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in shares of FS Bancorp by 4.5% during the 4th quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock valued at $1,640,000 after acquiring an additional 1,731 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in FS Bancorp by 2.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock valued at $3,429,000 after purchasing an additional 1,731 shares during the period. AQR Capital Management LLC boosted its holdings in FS Bancorp by 3.4% in the fourth quarter. AQR Capital Management LLC now owns 15,256 shares of the bank’s stock worth $628,000 after purchasing an additional 503 shares during the last quarter. Trexquant Investment LP boosted its holdings in FS Bancorp by 60.4% in the fourth quarter. Trexquant Investment LP now owns 10,568 shares of the bank’s stock worth $435,000 after purchasing an additional 3,978 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in FS Bancorp during the 4th quarter valued at $361,000. 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.