DA Davidson Increases FS Bancorp (NASDAQ:FSBW) Price Target to $44.00

FS Bancorp (NASDAQ:FSBW - Get Free Report) had its price target boosted by analysts at DA Davidson from $41.00 to $44.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the bank's stock. DA Davidson's price objective suggests a potential upside of 4.97% from the company's previous close.

Separately, Wall Street Zen raised FS Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

FS Bancorp Stock Performance

Shares of FSBW stock traded up $0.28 during trading on Thursday, hitting $41.92. The company's stock had a trading volume of 5,201 shares, compared to its average volume of 15,742. The company has a market cap of $322.75 million, a PE ratio of 9.98 and a beta of 0.71. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $39.86 and a 200-day moving average of $39.23. FS Bancorp has a 52 week low of $34.61 and a 52 week high of $49.15.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. FS Bancorp had a return on equity of 11.35% and a net margin of 15.88%. The company had revenue of $37.28 million during the quarter, compared to analyst estimates of $36.55 million. As a group, research analysts anticipate that FS Bancorp will post 4.26 earnings per share for the current year.

Institutional Investors Weigh In On FS Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FSBW. Tower Research Capital LLC TRC raised its position in FS Bancorp by 354.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,026 shares of the bank's stock valued at $42,000 after purchasing an additional 800 shares in the last quarter. Copeland Capital Management LLC raised its position in FS Bancorp by 16.4% during the second quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank's stock valued at $69,000 after purchasing an additional 246 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of FS Bancorp during the second quarter valued at about $74,000. Wells Fargo & Company MN increased its holdings in shares of FS Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,909 shares of the bank's stock worth $161,000 after buying an additional 851 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of FS Bancorp by 55.5% in the fourth quarter. Lazard Asset Management LLC now owns 4,190 shares of the bank's stock worth $172,000 after buying an additional 1,495 shares during the period. Hedge funds and other institutional investors own 63.88% of the company's stock.

FS Bancorp Company Profile

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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