FS Bancorp Inc (NASDAQ:FSBW) has been assigned an average broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.
Analysts have set a 1-year consensus target price of $67.67 for the company and are anticipating that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also given FS Bancorp an industry rank of 76 out of 255 based on the ratings given to its competitors.
A number of brokerages recently issued reports on FSBW. ValuEngine cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, July 14th. Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st.
In other FS Bancorp news, insider Robert B. Fuller sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $59.05, for a total value of $206,675.00. Following the sale, the insider now owns 10,185 shares of the company’s stock, valued at approximately $601,424.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph C. Adams sold 4,446 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $59.69, for a total value of $265,381.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,346 shares of company stock worth $495,861. Insiders own 11.63% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FSBW. Bessemer Group Inc. purchased a new stake in shares of FS Bancorp in the 2nd quarter valued at about $133,000. American Century Companies Inc. purchased a new stake in shares of FS Bancorp in the 2nd quarter valued at about $209,000. First Trust Advisors LP raised its holdings in shares of FS Bancorp by 21.5% in the 2nd quarter. First Trust Advisors LP now owns 5,224 shares of the bank’s stock valued at $330,000 after acquiring an additional 926 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of FS Bancorp in the 2nd quarter valued at about $380,000. Finally, Wedge Capital Management L L P NC raised its holdings in shares of FS Bancorp by 95.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 12,919 shares of the bank’s stock valued at $817,000 after acquiring an additional 6,319 shares in the last quarter. 58.73% of the stock is currently owned by hedge funds and other institutional investors.
FSBW traded down $1.92 during trading on Monday, reaching $49.55. 29,102 shares of the company were exchanged, compared to its average volume of 18,021. The stock has a market capitalization of $206.65 million, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.20 and a beta of 0.48. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.06 and a current ratio of 1.13. FS Bancorp has a 12-month low of $49.21 and a 12-month high of $66.40.
FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Friday, July 27th. The bank reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The company had revenue of $17.54 million for the quarter, compared to analysts’ expectations of $17.43 million. FS Bancorp had a return on equity of 12.38% and a net margin of 21.13%. On average, research analysts forecast that FS Bancorp will post 4.63 earnings per share for the current fiscal year.
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 deposits.
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