Analysts Set $57.33 Target Price for FS Bancorp Inc (NASDAQ:FSBW)

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

Brokers have set a one year consensus price target of $57.33 for the company and are anticipating 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 its competitors.

Several brokerages recently commented on FSBW. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. ValuEngine raised shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

In related news, VP Debra Lynn Steck sold 30,540 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $48.02, for a total transaction of $1,466,530.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.62% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Pecaut & CO. bought a new stake in FS Bancorp during the first quarter valued at approximately $214,000. ClariVest Asset Management LLC lifted its position in FS Bancorp by 6.2% during the first quarter. ClariVest Asset Management LLC now owns 20,606 shares of the bank’s stock valued at $1,040,000 after purchasing an additional 1,200 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in FS Bancorp by 19.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 96,517 shares of the bank’s stock valued at $4,872,000 after purchasing an additional 15,420 shares during the last quarter. Teton Advisors Inc. lifted its position in FS Bancorp by 19.6% during the first quarter. Teton Advisors Inc. now owns 17,858 shares of the bank’s stock valued at $901,000 after purchasing an additional 2,929 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in FS Bancorp by 22.2% during the first quarter. Wedge Capital Management L L P NC now owns 15,793 shares of the bank’s stock valued at $797,000 after purchasing an additional 2,874 shares during the last quarter. Institutional investors and hedge funds own 56.37% of the company’s stock.

Shares of FSBW traded up $1.03 during trading hours on Monday, hitting $50.01. The company’s stock had a trading volume of 8,800 shares, compared to its average volume of 12,013. The company has a 50 day moving average price of $49.10. The company has a market cap of $220.04 million, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03. FS Bancorp has a 52-week low of $41.25 and a 52-week high of $63.82. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55.

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