FS Bancorp price target lowered to $41 from $44 at DA Davidson

DA Davidson analyst Jeff Rulis lowered the firm’s price target on FS Bancorp (FSBW) to $41 from $44 and keeps a Neutral rating on the shares after its Q3 results. The company’s lofty net interest margins are rising even higher, and while its loan growth slowed, the bank will look to manage pricing ahead to improve net growth, which may level off net interest margins, the analyst tells investors in a research note. Some credit migration was evident but overall, the bank’s asset quality is sound, the firm added.