BidaskClub upgraded shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning, BidAskClub reports.

Several other research analysts have also recently commented on FSBW. ValuEngine cut shares of FS Bancorp from a sell rating to a strong sell rating in a report on Friday, November 8th. DA Davidson restated a neutral rating on shares of FS Bancorp in a report on Tuesday, July 30th. Finally, Zacks Investment Research upgraded shares of FS Bancorp from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $59.00.

NASDAQ:FSBW traded down $0.29 during trading hours on Tuesday, hitting $59.47. The stock had a trading volume of 4,700 shares, compared to its average volume of 13,594. FS Bancorp has a one year low of $41.25 and a one year high of $60.31. The business’s 50 day moving average is $54.38 and its 200-day moving average is $50.72. The company has a market cap of $266.68 million, a price-to-earnings ratio of 12.73 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.07.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Thursday, October 24th. The bank reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.16. FS Bancorp had a net margin of 24.60% and a return on equity of 12.13%. The business had revenue of $24.48 million during the quarter, compared to analysts’ expectations of $23.82 million. On average, sell-side analysts anticipate that FS Bancorp will post 5.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.20 per share. This is a boost from FS Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.80 annualized dividend and a yield of 1.35%. FS Bancorp’s dividend payout ratio is presently 17.13%.

In other FS Bancorp news, insider Robert B. Fuller sold 4,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $57.14, for a total value of $228,560.00. Following the completion of the sale, the insider now owns 11,660 shares in the company, valued at $666,252.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 4,440 shares of company stock valued at $253,846. Corporate insiders own 8.62% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FSBW. Price T Rowe Associates Inc. MD lifted its stake in FS Bancorp by 11.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 263,161 shares of the bank’s stock valued at $13,650,000 after acquiring an additional 26,750 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in FS Bancorp by 199.3% in the second quarter. JPMorgan Chase & Co. now owns 33,563 shares of the bank’s stock valued at $1,701,000 after acquiring an additional 22,351 shares during the last quarter. Cadence Capital Management LLC acquired a new stake in FS Bancorp in the third quarter valued at $804,000. HighTower Advisors LLC acquired a new stake in FS Bancorp in the second quarter valued at $749,000. Finally, BlackRock Inc. lifted its stake in FS Bancorp by 6.4% in the second quarter. BlackRock Inc. now owns 206,612 shares of the bank’s stock valued at $10,716,000 after acquiring an additional 12,485 shares during the last quarter. Hedge funds and other institutional investors own 58.20% of the company’s stock.

FS Bancorp Company Profile

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.

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