FS Bancorp (NASDAQ:FSBW) Downgraded to Hold at StockNews.com

FS Bancorp (NASDAQ:FSBW) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

FS Bancorp Stock Performance

Shares of FSBW opened at $31.17 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a 50-day moving average of $32.69 and a 200-day moving average of $33.13. The company has a market cap of $243.44 million, a PE ratio of 6.81 and a beta of 0.92. FS Bancorp has a one year low of $27.32 and a one year high of $38.70.

Institutional Investors Weigh In On FS Bancorp

Several hedge funds have recently bought and sold shares of FSBW. Bank of New York Mellon Corp grew its stake in shares of FS Bancorp by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 70,151 shares of the bank’s stock valued at $2,069,000 after acquiring an additional 525 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of FS Bancorp in the 3rd quarter valued at approximately $46,000. Panagora Asset Management Inc. boosted its position in shares of FS Bancorp by 69.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock worth $440,000 after acquiring an additional 6,121 shares in the last quarter. HighTower Advisors LLC raised its position in FS Bancorp by 2.1% during the third quarter. HighTower Advisors LLC now owns 29,479 shares of the bank’s stock valued at $870,000 after purchasing an additional 597 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of FS Bancorp by 3.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank’s stock worth $7,986,000 after buying an additional 9,716 shares in the last quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.

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.