FS Bancorp Inc (FSBW) Given Average Recommendation of “Buy” by Analysts

FS Bancorp Inc (NASDAQ:FSBW) has earned an average broker rating score of 2.00 (Buy) from the three analysts that cover 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.

Brokerages have set a one year consensus target price of $54.33 for the company and are forecasting that the company will post $1.22 EPS for the current quarter, according to Zacks. Zacks has also assigned FS Bancorp an industry rank of 66 out of 255 based on the ratings given to its competitors.

FSBW has been the subject of several analyst reports. Zacks Investment Research downgraded shares of FS Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 4th. ValuEngine upgraded shares of FS Bancorp from a “sell” rating to a “hold” rating in a report on Friday, February 8th.

Shares of FS Bancorp stock traded down $2.53 during trading hours on Friday, reaching $46.12. The company’s stock had a trading volume of 12,972 shares, compared to its average volume of 8,954. FS Bancorp has a one year low of $41.25 and a one year high of $66.40. The firm has a market capitalization of $207.31 million, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Monday, January 28th. The bank reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.08. The company had revenue of $27.23 million during the quarter, compared to the consensus estimate of $20.03 million. FS Bancorp had a net margin of 27.30% and a return on equity of 12.73%. On average, research analysts forecast that FS Bancorp will post 5.41 EPS for the current year.

In related news, Director Mark Tueffers sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $52.33, for a total transaction of $136,058.00. Following the completion of the sale, the director now owns 3,450 shares in the company, valued at $180,538.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.63% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FSBW. American International Group Inc. increased its stake in shares of FS Bancorp by 18.8% in the fourth quarter. American International Group Inc. now owns 2,489 shares of the bank’s stock worth $107,000 after purchasing an additional 393 shares in the last quarter. Knott David M purchased a new position in shares of FS Bancorp in the fourth quarter worth about $154,000. Bank of Montreal Can increased its stake in shares of FS Bancorp by 19.2% in the fourth quarter. Bank of Montreal Can now owns 3,651 shares of the bank’s stock worth $156,000 after purchasing an additional 588 shares in the last quarter. QS Investors LLC purchased a new position in shares of FS Bancorp in the fourth quarter worth about $198,000. Finally, Rhumbline Advisers purchased a new position in shares of FS Bancorp in the fourth quarter worth about $205,000. Institutional investors and hedge funds own 66.53% 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 deposits.

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