DA Davidson analyst Jeff Rulis raised the firm’s price target on FS Bancorp to $44 from $34 and keeps a Neutral rating on the shares after its Q2 earnings beat. The company’s “strong” quarter was led by net interest income improvement, solid fee income contribution and improved loan growth, the analyst tells investors in a research note. FS Bancorp’s credit remains steady and the latest dividend hike and active buyback also indicate the bank’s comfort in trends ahead, the firm added.
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