FS Bancorp (NASDAQ:FSBW) Receives Neutral Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of FS Bancorp (NASDAQ:FSBW) in a research note issued to investors on Wednesday,Benzinga reports. DA Davidson currently has a $45.00 target price on the bank’s stock.

Separately, Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

FS Bancorp Trading Down 2.4%

Shares of FSBW stock opened at $43.00 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04. FS Bancorp has a 1 year low of $36.66 and a 1 year high of $45.85. The stock has a fifty day moving average of $42.05 and a two-hundred day moving average of $41.15. The firm has a market capitalization of $232.63 million, a PE ratio of 9.91 and a beta of 0.65.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%. As a group, research analysts expect that FS Bancorp will post 4.64 EPS for the current year.

FS Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 7th. FS Bancorp’s dividend payout ratio (DPR) is presently 27.04%.

Institutional Trading of FS Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in shares of FS Bancorp in the first quarter valued at $262,000. Bank of America Corp DE boosted its stake in FS Bancorp by 6.0% during the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock valued at $233,000 after buying an additional 343 shares in the last quarter. Quantinno Capital Management LP grew its holdings in FS Bancorp by 16.0% during the first quarter. Quantinno Capital Management LP now owns 17,955 shares of the bank’s stock worth $693,000 after acquiring an additional 2,480 shares during the period. Aristides Capital LLC grew its holdings in FS Bancorp by 4.2% during the first quarter. Aristides Capital LLC now owns 34,437 shares of the bank’s stock worth $1,329,000 after acquiring an additional 1,396 shares during the period. Finally, Empowered Funds LLC raised its position in FS Bancorp by 4.5% in the fourth quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock worth $1,640,000 after acquiring an additional 1,731 shares in the last quarter. 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.