A number of other brokerages have also recently weighed in on FSBW. Zacks Investment Research upgraded FS Bancorp from a hold rating to a buy rating and set a $51.00 target price on the stock in a report on Monday, June 19th. ValuEngine upgraded FS Bancorp from a buy rating to a strong-buy rating in a report on Friday, June 2nd. One research 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’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $47.75.
Shares of FS Bancorp (NASDAQ FSBW) opened at 48.94 on Tuesday. The company has a 50 day moving average price of $46.91 and a 200 day moving average price of $42.79. The stock has a market cap of $142.95 million, a P/E ratio of 11.47 and a beta of 0.41. FS Bancorp has a 12-month low of $27.01 and a 12-month high of $51.72.
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The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Wednesday, August 9th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 7th. FS Bancorp’s payout ratio is currently 10.23%.
In related news, CEO Joseph C. Adams sold 4,446 shares of FS Bancorp stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total value of $199,180.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.19% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in FS Bancorp in the second quarter valued at $156,000. Beese Fulmer Investment Management Inc. acquired a new position in FS Bancorp in the second quarter valued at $224,000. Dimensional Fund Advisors LP acquired a new position in FS Bancorp in the second quarter valued at $266,000. Cambridge Investment Research Advisors Inc. boosted its holdings in FS Bancorp by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock valued at $271,000 after acquiring an additional 30 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in FS Bancorp in the second quarter valued at $338,000.
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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