FS Bancorp, Inc. (FSBW) Earns Neutral Rating from Analysts at DA Davidson

DA Davidson started coverage on shares of FS Bancorp, Inc. (NASDAQ:FSBW) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm issued a neutral rating and a $52.00 price objective on the bank’s stock. DA Davidson also issued estimates for FS Bancorp’s Q3 2017 earnings at $1.02 EPS, Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $4.05 EPS, Q1 2018 earnings at $0.84 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.75 EPS and FY2019 earnings at $4.05 EPS.

Several other equities research analysts have also issued reports on FSBW. Zacks Investment Research raised FS Bancorp from a hold rating to a buy rating and set a $51.00 target price for the company in a research report on Monday, June 19th. ValuEngine raised FS Bancorp from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $47.75.

Shares of FS Bancorp (NASDAQ FSBW) traded down 0.35% during trading on Tuesday, reaching $47.99. 2,939 shares of the company were exchanged. FS Bancorp has a one year low of $27.63 and a one year high of $51.72. The company has a market capitalization of $140.18 million, a PE ratio of 11.25 and a beta of 0.41. The firm’s 50 day moving average price is $47.41 and its 200 day moving average price is $42.95.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Wednesday, August 9th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Monday, August 7th. FS Bancorp’s dividend payout ratio is presently 10.23%.

In other news, CEO Joseph C. Adams sold 4,446 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total transaction of $199,180.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.19% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of FS Bancorp by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after acquiring an additional 30 shares during the period. Seizert Capital Partners LLC grew its stake in shares of FS Bancorp by 4.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 16,855 shares of the bank’s stock worth $757,000 after acquiring an additional 789 shares during the period. LSV Asset Management grew its stake in shares of FS Bancorp by 5.4% during the 2nd quarter. LSV Asset Management now owns 17,512 shares of the bank’s stock worth $781,000 after acquiring an additional 900 shares during the period. Vanguard Group Inc. grew its stake in shares of FS Bancorp by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock worth $2,932,000 after acquiring an additional 2,894 shares during the period. Finally, Context BH Capital Management LP grew its stake in shares of FS Bancorp by 8.5% during the 2nd quarter. Context BH Capital Management LP now owns 42,343 shares of the bank’s stock worth $1,853,000 after acquiring an additional 3,322 shares during the period.

FS Bancorp Company Profile

FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.

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