Shares of FS Bancorp Inc (NASDAQ:FSBW) have earned an average broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.
Analysts have set a twelve-month consensus price target of $59.00 for the company and are forecasting that the company will post $0.92 EPS for the current quarter, according to Zacks. Zacks has also given FS Bancorp an industry rank of 5 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on FSBW. ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, November 7th.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of FS Bancorp in the second quarter valued at about $156,000. Dimensional Fund Advisors LP bought a new position in shares of FS Bancorp in the second quarter valued at about $266,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of FS Bancorp by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock valued at $271,000 after buying an additional 30 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of FS Bancorp in the third quarter valued at about $334,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of FS Bancorp in the third quarter valued at about $356,000. 42.71% of the stock is owned by institutional investors and hedge funds.
Shares of FS Bancorp (NASDAQ FSBW) traded up $1.13 during trading hours on Wednesday, hitting $56.41. 6,946 shares of the stock traded hands, compared to its average volume of 12,470. FS Bancorp has a 52 week low of $34.91 and a 52 week high of $58.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market cap of $207.30, a P/E ratio of 13.53, a PEG ratio of 1.15 and a beta of 0.50.
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About FS Bancorp
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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