Weiss Ratings Reiterates Buy (B-) Rating for FS Bancorp (NASDAQ:FSBW)

Key Points

• Weiss Ratings has maintained a "Buy (B-)" rating for FS Bancorp, indicating confidence in the stock's potential.
• DA Davidson raised its price target for FS Bancorp from $41.00 to $44.00, reflecting positive sentiment, while the overall consensus rating remains a "Moderate Buy."
• FS Bancorp reported earnings per share of $0.99, surpassing estimates, along with a net margin of 15.88% and a return on equity of 11.32% for the recent quarter.

FS Bancorp (NASDAQ:FSBW - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Separately, DA Davidson increased their target price on shares of FS Bancorp from $41.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

FS Bancorp Stock Performance

FS Bancorp stock traded up $0.39 during trading hours on Tuesday, hitting $38.72. The company had a trading volume of 3,250 shares, compared to its average volume of 15,991. The firm has a market cap of $294.23 million, a PE ratio of 9.20 and a beta of 0.74. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.05 and a quick ratio of 1.03. FS Bancorp has a one year low of $34.61 and a one year high of $49.15. The firm has a 50-day moving average of $40.73 and a 200 day moving average of $39.85.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. FS Bancorp had a net margin of 15.88% and a return on equity of 11.32%. The firm had revenue of $37.28 million for the quarter, compared to analyst estimates of $36.55 million. On average, sell-side analysts expect that FS Bancorp will post 4.26 earnings per share for the current year.

Insider Activity

In related news, CEO Joseph C. Adams sold 14,646 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $41.83, for a total transaction of $612,642.18. Following the sale, the chief executive officer owned 97,775 shares in the company, valued at approximately $4,089,928.25. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 37,500 shares of company stock worth $1,529,937. Company insiders own 12.70% of the company's stock.

Institutional Trading of FS Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. De Lisle Partners LLP boosted its position in FS Bancorp by 1.5% in the second quarter. De Lisle Partners LLP now owns 385,451 shares of the bank's stock valued at $15,193,000 after buying an additional 5,530 shares in the last quarter. Geode Capital Management LLC boosted its position in FS Bancorp by 0.5% in the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank's stock valued at $6,434,000 after buying an additional 826 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in FS Bancorp by 3.1% in the first quarter. Bridgeway Capital Management LLC now owns 87,693 shares of the bank's stock valued at $3,333,000 after buying an additional 2,611 shares in the last quarter. American Century Companies Inc. boosted its position in FS Bancorp by 6.9% in the second quarter. American Century Companies Inc. now owns 85,878 shares of the bank's stock valued at $3,382,000 after buying an additional 5,562 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in FS Bancorp by 2.2% in the second quarter. Acadian Asset Management LLC now owns 83,159 shares of the bank's stock valued at $3,273,000 after buying an additional 1,760 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.