FS Bancorp (NASDAQ:FSBW) Rating Lowered to Hold at StockNews.com

FS Bancorp (NASDAQ:FSBW) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, DA Davidson boosted their target price on FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th.

FS Bancorp Price Performance

Shares of FS Bancorp stock opened at $44.74 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 1.06. The business’s 50 day simple moving average is $43.59 and its two-hundred day simple moving average is $38.11. The stock has a market capitalization of $348.79 million, a P/E ratio of 9.77 and a beta of 0.93. FS Bancorp has a one year low of $28.07 and a one year high of $47.01.

FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.15. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. The firm had revenue of $53.01 million for the quarter, compared to analysts’ expectations of $37.10 million. Analysts forecast that FS Bancorp will post 4.44 EPS for the current year.

Institutional Investors Weigh In On FS Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new stake in FS Bancorp in the third quarter worth $62,000. Lazard Asset Management LLC grew its stake in FS Bancorp by 64.5% in the first quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock worth $79,000 after purchasing an additional 897 shares during the period. SG Americas Securities LLC purchased a new stake in FS Bancorp in the third quarter worth $103,000. O Shaughnessy Asset Management LLC grew its stake in FS Bancorp by 4.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock worth $268,000 after purchasing an additional 320 shares during the period. Finally, Rhumbline Advisers grew its stake in FS Bancorp by 4.4% in the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after purchasing an additional 434 shares during the period. 63.88% of the stock is 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.