ValuEngine Downgrades FS Bancorp (FSBW) to Sell

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ValuEngine lowered shares of FS Bancorp (NASDAQ:FSBW) from a hold rating to a sell rating in a report released on Monday.

Other equities analysts also recently issued reports about the stock. Raymond James dropped their price objective on shares of FS Bancorp from $68.00 to $60.00 and set an outperform rating on the stock in a research note on Thursday, November 15th. Zacks Investment Research raised shares of FS Bancorp from a sell rating to a hold rating in a report on Friday, February 8th.

Shares of FSBW stock opened at $50.12 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $188.87 million, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.33 and a beta of 1.00. FS Bancorp has a one year low of $41.25 and a one year high of $66.40.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Monday, January 28th. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.08. FS Bancorp had a net margin of 27.30% and a return on equity of 13.98%. The firm had revenue of $27.23 million for the quarter, compared to the consensus estimate of $20.03 million. On average, equities analysts forecast that FS Bancorp will post 5.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, February 5th. FS Bancorp’s payout ratio is 12.85%.

In related news, Director Mark Tueffers sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $52.33, for a total transaction of $136,058.00. Following the sale, the director now directly owns 3,450 shares of the company’s stock, valued at approximately $180,538.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.63% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of FS Bancorp by 24.5% in the 4th quarter. Geode Capital Management LLC now owns 36,824 shares of the bank’s stock valued at $1,579,000 after buying an additional 7,255 shares in the last quarter. Dimensional Fund Advisors LP raised its position in FS Bancorp by 18.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 93,986 shares of the bank’s stock worth $4,030,000 after buying an additional 14,626 shares during the last quarter. Context BH Capital Management LP raised its position in FS Bancorp by 137.5% during the 4th quarter. Context BH Capital Management LP now owns 144,482 shares of the bank’s stock worth $6,195,000 after buying an additional 83,644 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of FS Bancorp by 28.3% in the 4th quarter. Bank of America Corp DE now owns 20,025 shares of the bank’s stock valued at $859,000 after purchasing an additional 4,414 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in shares of FS Bancorp in the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 66.53% of the company’s stock.

About FS Bancorp

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 deposits.

See Also: What is a Lock-Up Period?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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