StockNews.com Upgrades FS Bancorp (NASDAQ:FSBW) to “Buy”

FS Bancorp (NASDAQ:FSBW) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

FS Bancorp Stock Up 0.5 %

Shares of FSBW opened at $31.38 on Tuesday. The firm has a market cap of $245.08 million, a P/E ratio of 6.88 and a beta of 0.92. The stock has a 50 day simple moving average of $32.89 and a two-hundred day simple moving average of $33.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. FS Bancorp has a 1 year low of $26.08 and a 1 year high of $38.70.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Wednesday, January 24th. The bank reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.21. FS Bancorp had a return on equity of 15.16% and a net margin of 19.21%. The business had revenue of $35.91 million during the quarter, compared to analyst estimates of $34.80 million. On average, analysts forecast that FS Bancorp will post 4.22 earnings per share for the current fiscal year.

Institutional Trading of FS Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in FS Bancorp in the third quarter valued at approximately $46,000. SG Americas Securities LLC bought a new stake in FS Bancorp in the fourth quarter valued at approximately $119,000. O Shaughnessy Asset Management LLC lifted its position in FS Bancorp by 5.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after purchasing an additional 389 shares during the last quarter. BNP Paribas Financial Markets lifted its position in FS Bancorp by 45.2% in the fourth quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock valued at $374,000 after purchasing an additional 3,152 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in FS Bancorp by 69.7% in the third 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. Institutional investors own 63.88% of the company’s stock.

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.