FS Bancorp (NASDAQ:FSBW) Rating Lowered to Strong Sell at Zacks Research

FS Bancorp (NASDAQ:FSBW) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. DA Davidson restated a “neutral” rating and issued a $45.00 price target on shares of FS Bancorp in a research report on Wednesday, July 22nd. Finally, Brean Capital lowered shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, FS Bancorp presently has a consensus rating of “Hold” and an average price target of $45.00.

FS Bancorp Trading Down 0.0%

Shares of FS Bancorp stock opened at $43.65 on Tuesday. The firm has a market cap of $236.14 million, a price-to-earnings ratio of 10.06 and a beta of 0.65. The business has a 50-day moving average price of $42.42 and a 200-day moving average price of $41.24. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. FS Bancorp has a twelve month low of $36.66 and a twelve month high of $45.85.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results 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 firm had revenue of $5.24 million for the quarter, compared to analysts’ expectations of $38.00 million. Equities research analysts anticipate that FS Bancorp will post 4.34 EPS for the current fiscal year.

Hedge Funds Weigh In On FS Bancorp

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

About FS Bancorp

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.