Zacks: FS Bancorp Inc (FSBW) Receives Consensus Rating of “Buy” from Brokerages

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

Brokers have set a 1-year 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 18 out of 265 based on the ratings given to related companies.

FSBW has been the topic of a number of recent research reports. Zacks Investment Research lowered FS Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.

FS Bancorp (NASDAQ:FSBW) traded down $0.04 during trading on Friday, hitting $54.50. The stock had a trading volume of 5,398 shares, compared to its average volume of 12,721. FS Bancorp has a one year low of $35.80 and a one year high of $59.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market capitalization of $202.22, a P/E ratio of 12.71, a P/E/G ratio of 1.18 and a beta of 0.45.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). FS Bancorp had a return on equity of 14.11% and a net margin of 20.05%. The business had revenue of $16.56 million for the quarter, compared to the consensus estimate of $17.14 million. equities research analysts predict that FS Bancorp will post 4.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.81%. FS Bancorp’s dividend payout ratio (DPR) is 10.21%.

In other news, Director Mark Tueffers sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $56.25, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 200 shares of the company’s stock, valued at approximately $11,250. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.19% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of FS Bancorp during the 4th quarter valued at about $122,000. Wells Fargo & Company MN lifted its stake in shares of FS Bancorp by 228.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,753 shares of the bank’s stock worth $150,000 after acquiring an additional 1,915 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of FS Bancorp in the 2nd quarter worth approximately $156,000. First Trust Advisors LP acquired a new stake in shares of FS Bancorp in the 4th quarter worth approximately $242,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of FS Bancorp in the 2nd quarter worth approximately $266,000. 42.88% of the stock is owned by institutional investors and hedge funds.

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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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