FS Bancorp (NASDAQ:FSBW) had its target price dropped by equities research analysts at Raymond James from $68.00 to $60.00 in a research report issued to clients and investors on Thursday. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James’ price target indicates a potential upside of 32.52% from the company’s previous close.

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of FS Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Zacks Investment Research lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st.

FS Bancorp stock traded down $1.14 during midday trading on Thursday, hitting $44.95. The stock had a trading volume of 6,136 shares, compared to its average volume of 17,866. FS Bancorp has a 12 month low of $42.02 and a 12 month high of $66.40. The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 0.72. The firm has a market cap of $172.45 million, a P/E ratio of 10.78, a P/E/G ratio of 1.47 and a beta of 0.78.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). FS Bancorp had a return on equity of 12.76% and a net margin of 21.47%. The firm had revenue of $17.66 million for the quarter, compared to analyst estimates of $17.96 million. As a group, equities research analysts anticipate that FS Bancorp will post 4.52 earnings per share for the current year.

In related news, CEO Joseph C. Adams sold 4,446 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $59.69, for a total transaction of $265,381.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 11.63% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of FS Bancorp in the second quarter valued at $133,000. American Century Companies Inc. bought a new position in shares of FS Bancorp in the second quarter valued at $209,000. First Trust Advisors LP lifted its stake in shares of FS Bancorp by 21.5% in the second quarter. First Trust Advisors LP now owns 5,224 shares of the bank’s stock valued at $330,000 after buying an additional 926 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of FS Bancorp in the second quarter valued at $380,000. Finally, Wells Fargo & Company MN lifted its stake in shares of FS Bancorp by 267.4% in the third quarter. Wells Fargo & Company MN now owns 12,379 shares of the bank’s stock valued at $690,000 after buying an additional 9,010 shares in the last quarter. 58.95% of the stock is currently owned by institutional investors and hedge funds.

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 deposits.

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