FS Bancorp (NASDAQ:FSBW) Rating Lowered to “Neutral” at Brean Capital

FS Bancorp (NASDAQ:FSBW) was downgraded by equities researchers at Brean Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat reports. They presently have a $45.00 price objective on the bank’s stock. Brean Capital’s price target suggests a potential upside of 3.19% from the company’s previous close.

A number of other analysts have also recently issued reports on FSBW. DA Davidson reissued a “neutral” rating and issued a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings upgraded FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.

FS Bancorp Price Performance

Shares of NASDAQ:FSBW opened at $43.61 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.02. FS Bancorp has a 12 month low of $36.66 and a 12 month high of $45.85. The firm has a market capitalization of $235.93 million, a P/E ratio of 10.05 and a beta of 0.65. The company’s fifty day moving average price is $42.20 and its 200 day moving average price is $41.19.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%.The company had revenue of $5.24 million for the quarter, compared to analyst estimates of $38.00 million. As a group, sell-side analysts predict that FS Bancorp will post 4.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in FS Bancorp during the first quarter worth about $262,000. Bank of America Corp DE grew its holdings in FS Bancorp by 6.0% during the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock worth $233,000 after acquiring an additional 343 shares during the period. Quantinno Capital Management LP raised its position in FS Bancorp by 16.0% in the first quarter. Quantinno Capital Management LP now owns 17,955 shares of the bank’s stock worth $693,000 after acquiring an additional 2,480 shares in the last quarter. Aristides Capital LLC lifted its holdings in FS Bancorp by 4.2% in the first quarter. Aristides Capital LLC now owns 34,437 shares of the bank’s stock valued at $1,329,000 after acquiring an additional 1,396 shares during the period. Finally, Empowered Funds LLC lifted its holdings in FS Bancorp by 4.5% in the fourth quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock valued at $1,640,000 after acquiring an additional 1,731 shares during the period. 63.88% of the stock is currently owned by institutional investors and hedge funds.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.