FS Bancorp Inc (NASDAQ:FSBW) Receives Consensus Recommendation of “Buy” from Analysts

FS Bancorp Inc (NASDAQ:FSBW) has earned a consensus broker rating score of 2.00 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 1 year consensus target price of $57.33 for the company and are predicting that the company will post $1.40 EPS for the current quarter, according to Zacks. Zacks has also assigned FS Bancorp an industry rank of 232 out of 256 based on the ratings given to related companies.

A number of equities analysts have weighed in on FSBW shares. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. ValuEngine upgraded XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

In other FS Bancorp news, VP Debra Lynn Steck sold 30,540 shares of FS Bancorp stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $48.02, for a total transaction of $1,466,530.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.62% of the company’s stock.

Several large investors have recently bought and sold shares of the company. American International Group Inc. grew its position in shares of FS Bancorp by 18.8% during the 4th quarter. American International Group Inc. now owns 2,489 shares of the bank’s stock valued at $107,000 after acquiring an additional 393 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of FS Bancorp by 2,590.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 807 shares of the bank’s stock valued at $41,000 after acquiring an additional 777 shares during the period. ClariVest Asset Management LLC grew its position in shares of FS Bancorp by 6.2% during the 1st quarter. ClariVest Asset Management LLC now owns 20,606 shares of the bank’s stock valued at $1,040,000 after acquiring an additional 1,200 shares during the period. First Trust Advisors LP grew its position in shares of FS Bancorp by 13.8% during the 4th quarter. First Trust Advisors LP now owns 11,556 shares of the bank’s stock valued at $496,000 after acquiring an additional 1,402 shares during the period. Finally, FCA Corp TX acquired a new stake in shares of FS Bancorp during the 4th quarter valued at about $120,000. Hedge funds and other institutional investors own 56.37% of the company’s stock.

FSBW stock traded up $1.03 during midday trading on Monday, reaching $50.01. The stock had a trading volume of 8,800 shares, compared to its average volume of 12,013. The firm has a market cap of $220.04 million, a PE ratio of 10.42, a PEG ratio of 1.26 and a beta of 1.03. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $49.10. FS Bancorp has a 52-week low of $41.25 and a 52-week high of $63.82.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Thursday, April 25th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.09). The firm had revenue of $22.24 million during the quarter, compared to analysts’ expectations of $22.36 million. FS Bancorp had a return on equity of 12.15% and a net margin of 25.72%. As a group, research analysts forecast that FS Bancorp will post 5.55 EPS 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 deposit.

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