FS Bancorp (NASDAQ:FSBW – Get Free Report)‘s stock had its “neutral” rating reissued by investment analysts at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $45.00 price target on the bank’s stock. DA Davidson’s price objective would indicate a potential upside of 4.92% from the company’s current price.
Separately, Weiss Ratings upgraded FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $45.00.
Read Our Latest Analysis on FS Bancorp
FS Bancorp Trading Down 2.6%
FS Bancorp (NASDAQ:FSBW – Get Free Report) last issued its earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.05). The business had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million. FS Bancorp had a net margin of 14.91% and a return on equity of 10.88%. As a group, analysts expect that FS Bancorp will post 4.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Daytona Street Capital LLC acquired a new stake in FS Bancorp during the 4th quarter valued at $1,335,000. Siena Capital Partners GP LLC lifted its holdings in FS Bancorp by 156.1% in the 4th quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock worth $2,159,000 after buying an additional 31,965 shares in the last quarter. Geode Capital Management LLC lifted its holdings in FS Bancorp by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock worth $6,434,000 after buying an additional 826 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in FS Bancorp by 2.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock valued at $3,429,000 after buying an additional 1,731 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in FS Bancorp by 4.5% in the 4th quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock valued at $1,640,000 after buying an additional 1,731 shares during the last quarter. 63.88% of the stock is currently owned by hedge funds and other institutional investors.
About FS Bancorp
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.
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