FS Bancorp’s (FSBW) Neutral Rating Reiterated at DA Davidson

DA Davidson reissued their neutral rating on shares of FS Bancorp (NASDAQ:FSBW) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $45.00 target price on the bank’s stock.

Separately, Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

FS Bancorp Price Performance

Shares of NASDAQ:FSBW opened at $43.61 on Wednesday. FS Bancorp has a twelve month low of $36.66 and a twelve month high of $45.85. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The company has a market cap of $236.15 million, a PE ratio of 10.05 and a beta of 0.65. The company’s 50 day moving average is $42.20 and its 200 day moving average is $41.19.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $5.24 million for the quarter, compared to the consensus estimate of $38.00 million. FS Bancorp had a net margin of 14.88% and a return on equity of 10.96%. On average, sell-side analysts forecast that FS Bancorp will post 4.64 EPS for the current year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, August 7th. FS Bancorp’s dividend payout ratio (DPR) is currently 26.73%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Daytona Street Capital LLC acquired a new stake in shares of FS Bancorp during the 4th quarter worth approximately $1,335,000. Siena Capital Partners GP LLC increased its holdings in shares of FS Bancorp by 156.1% during the 4th quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock valued at $2,159,000 after purchasing an additional 31,965 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of FS Bancorp in the 4th quarter valued at $361,000. Wells Fargo & Company MN lifted its stake in shares of FS Bancorp by 44.7% in the 4th quarter. Wells Fargo & Company MN now owns 7,239 shares of the bank’s stock valued at $298,000 after purchasing an additional 2,235 shares during the period. Finally, Marshall Wace LLP purchased a new stake in FS Bancorp during the second quarter worth $262,000. 63.88% of the stock is owned by institutional investors and hedge funds.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.