FS Bancorp (NASDAQ:FSBW) Upgraded by StockNews.com to Buy

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

Separately, DA Davidson upped their price objective on shares of FS Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th.

FS Bancorp Trading Up 1.0 %

FS Bancorp stock traded up $0.44 during mid-day trading on Friday, hitting $42.36. The company’s stock had a trading volume of 6,163 shares, compared to its average volume of 15,281. The business has a 50 day moving average price of $43.02 and a 200-day moving average price of $37.07. FS Bancorp has a 12 month low of $28.07 and a 12 month high of $47.01. The stock has a market cap of $330.24 million, a price-to-earnings ratio of 9.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 1.06.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. The firm had revenue of $51.81 million during the quarter, compared to the consensus estimate of $35.40 million. As a group, analysts forecast that FS Bancorp will post 4.17 EPS for the current year.

Hedge Funds Weigh In On FS Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of FS Bancorp by 64.5% during the 1st quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock valued at $79,000 after buying an additional 897 shares in the last quarter. SG Americas Securities LLC bought a new position in FS Bancorp in the 3rd quarter worth $103,000. O Shaughnessy Asset Management LLC increased its stake 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 in the last quarter. Rhumbline Advisers raised its holdings in FS Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock valued at $372,000 after acquiring an additional 434 shares during the period. Finally, Agate Pass Investment Management LLC purchased a new position in shares of FS Bancorp in the second quarter valued at about $382,000. 63.88% of the stock is currently 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.