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 report issued on Wednesday.

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

FS Bancorp Stock Up 0.9 %

Shares of NASDAQ FSBW opened at $44.74 on Wednesday. FS Bancorp has a 52 week low of $28.07 and a 52 week high of $47.01. The business has a 50-day simple moving average of $43.59 and a two-hundred day simple moving average of $38.11. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81. The company has a market cap of $348.79 million, a P/E ratio of 9.77 and a beta of 0.93.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, topping 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 business had revenue of $53.01 million during the quarter, compared to the consensus estimate of $37.10 million. Research analysts anticipate that FS Bancorp will post 4.44 earnings per share for the current fiscal year.

Institutional Trading of FS Bancorp

Large investors have recently modified their holdings of the business. Copeland Capital Management LLC bought a new stake in FS Bancorp in the 3rd quarter worth approximately $62,000. Lazard Asset Management LLC lifted its position in FS Bancorp by 64.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock worth $79,000 after buying an additional 897 shares during the last quarter. SG Americas Securities LLC bought a new stake in FS Bancorp in the 3rd quarter worth approximately $103,000. O Shaughnessy Asset Management LLC lifted its position in FS Bancorp by 4.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock worth $268,000 after buying an additional 320 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in FS Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after buying an additional 434 shares during the last quarter. Institutional investors own 63.88% 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 deposit.