FS Bancorp price target lowered to $45 from $47 at DA Davidson

DA Davidson lowered the firm’s price target on FS Bancorp (FSBW) to $45 from $47 and keeps a Neutral rating on the shares after its Q4 earnings miss. From a revenue standpoint, FS closed the year in strong fashion, though expenses posed an offset, the analyst tells investors in a research note. The firm adds however that it expects loan growth to accelerate and also notes that credit is solid outside of somewhat elevated charge-offs.