FS Bancorp (NASDAQ:FSBW) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a hold rating in a report published on Wednesday morning.

FS Bancorp Trading Up 1.9 %

FSBW opened at $31.75 on Wednesday. The stock has a market capitalization of $247.97 million, a PE ratio of 6.93 and a beta of 0.92. FS Bancorp has a one year low of $27.32 and a one year high of $38.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The business’s 50 day moving average price is $32.64 and its 200 day moving average price is $33.15.

FS Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Wednesday, May 8th. FS Bancorp’s dividend payout ratio is presently 22.71%.

Institutional Trading of FS Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in FS Bancorp during the third quarter worth about $46,000. SG Americas Securities LLC acquired a new position in shares of FS Bancorp in the 4th quarter worth approximately $119,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of FS Bancorp by 5.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock worth $232,000 after acquiring an additional 389 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of FS Bancorp by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock worth $374,000 after purchasing an additional 3,152 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in FS Bancorp by 69.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock valued at $440,000 after purchasing an additional 6,121 shares during the last quarter. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.