Shares of FS Bancorp Inc (NASDAQ:FSBW) have been given an average broker rating score of 2.00 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment 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. FS Bancorp’s rating score has improved by 14.2% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price objective of $44.67 for the company and are anticipating that the company will post $1.11 EPS for the current quarter, according to Zacks. Zacks has also assigned FS Bancorp an industry rank of 140 out of 254 based on the ratings given to related companies.

Several research analysts have recently weighed in on FSBW shares. Zacks Investment Research upgraded shares of FS Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 24th. ValuEngine lowered shares of FS Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, Raymond James upgraded shares of FS Bancorp from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Wednesday.

NASDAQ:FSBW traded up $0.27 on Thursday, reaching $37.77. The stock had a trading volume of 21,034 shares, compared to its average volume of 10,741. The company has a market cap of $161.71 million, a price-to-earnings ratio of 7.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.09 and a quick ratio of 1.01. The firm’s fifty day moving average is $40.82 and its two-hundred day moving average is $48.10. FS Bancorp has a 12-month low of $27.50 and a 12-month high of $64.41.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Friday, April 24th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.08). The firm had revenue of $26.36 million during the quarter, compared to analysts’ expectations of $23.63 million. FS Bancorp had a net margin of 19.46% and a return on equity of 11.92%. As a group, research analysts forecast that FS Bancorp will post 4.52 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in FS Bancorp by 93.6% during the 4th quarter. Barclays PLC now owns 4,045 shares of the bank’s stock worth $258,000 after purchasing an additional 1,956 shares in the last quarter. Russell Investments Group Ltd. increased its position in FS Bancorp by 438.9% during the 1st quarter. Russell Investments Group Ltd. now owns 15,088 shares of the bank’s stock worth $539,000 after purchasing an additional 12,288 shares in the last quarter. Bank of New York Mellon Corp increased its position in FS Bancorp by 9.5% during the 4th quarter. Bank of New York Mellon Corp now owns 37,844 shares of the bank’s stock worth $2,414,000 after purchasing an additional 3,280 shares in the last quarter. State Street Corp increased its position in FS Bancorp by 6.7% during the 4th quarter. State Street Corp now owns 84,050 shares of the bank’s stock worth $5,362,000 after purchasing an additional 5,245 shares in the last quarter. Finally, Bank of Montreal Can increased its position in FS Bancorp by 1,406.1% during the 4th quarter. Bank of Montreal Can now owns 16,657 shares of the bank’s stock worth $1,062,000 after purchasing an additional 15,551 shares in the last quarter. 59.90% of the stock is owned by hedge funds and other institutional investors.

About FS Bancorp

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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Get a free copy of the Zacks research report on FS Bancorp (FSBW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FS Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.