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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSBW:
- FS Bancorp raises dividend by 1c per share, expands share repurchase program
- FS Bancorp reports Q2 EPS $1.13, consensus $1.02
- Is FSBW a Buy, Before Earnings?
- FS Bancorp Promotes Matthew Mullet to President and CFO
- FS Bancorp, Inc. and 1st Security Bank Announces the Promotion of Matthew D. Mullet to President