Shares of FS Bancorp Inc (NASDAQ:FSBW) have received an average broker rating score of 2.00 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.
Brokerages have set a 12 month consensus price objective of $62.67 for the company and are expecting that the company will post $1.03 earnings per share for the current quarter, according to Zacks. Zacks has also assigned FS Bancorp an industry rank of 123 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on FSBW shares. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, February 1st. ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.
Shares of FS Bancorp (NASDAQ:FSBW) traded up $1.08 during mid-day trading on Monday, hitting $54.92. 2,952 shares of the stock traded hands, compared to its average volume of 10,467. FS Bancorp has a 1-year low of $35.80 and a 1-year high of $59.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 1.04. The stock has a market cap of $203.22, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.19 and a beta of 0.50.
FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.05). FS Bancorp had a net margin of 20.05% and a return on equity of 14.11%. The business had revenue of $16.56 million during the quarter, compared to analysts’ expectations of $17.14 million. equities analysts expect that FS Bancorp will post 4.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Tuesday, February 6th. FS Bancorp’s dividend payout ratio is presently 10.21%.
In related news, Director Mark Tueffers sold 2,400 shares of FS Bancorp stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $56.25, for a total transaction of $135,000.00. Following the sale, the director now directly owns 200 shares in the company, valued at $11,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Ted A. Leech sold 5,000 shares of FS Bancorp stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $54.47, for a total transaction of $272,350.00. The disclosure for this sale can be found here. 13.19% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of FSBW. Bank of Montreal Can bought a new stake in shares of FS Bancorp during the fourth quarter valued at about $122,000. Wells Fargo & Company MN grew its stake in FS Bancorp by 228.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,753 shares of the bank’s stock valued at $150,000 after acquiring an additional 1,915 shares in the last quarter. Advisor Group Inc. purchased a new position in FS Bancorp during the 4th quarter valued at about $177,000. First Trust Advisors LP purchased a new position in FS Bancorp during the 4th quarter valued at about $242,000. Finally, Dimensional Fund Advisors LP purchased a new position in FS Bancorp during the 2nd quarter valued at about $266,000. Institutional investors and hedge funds own 50.92% of the company’s stock.
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About FS Bancorp
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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