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

FS Bancorp (NASDAQ:FSBW) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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

FS Bancorp Stock Down 0.5 %

Shares of FSBW stock opened at $40.54 on Tuesday. FS Bancorp has a 12 month low of $28.07 and a 12 month high of $45.30. The stock has a market cap of $316.05 million, a P/E ratio of 8.85 and a beta of 0.94. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The company has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $34.44.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, July 23rd. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. FS Bancorp had a net margin of 18.05% and a return on equity of 13.65%. The business had revenue of $51.81 million during the quarter, compared to analysts’ expectations of $35.40 million. On average, research analysts expect that FS Bancorp will post 4.17 earnings per share for the current year.

Institutional Trading of FS Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of FS Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 403,704 shares of the bank’s stock worth $14,013,000 after purchasing an additional 2,376 shares in the last quarter. TCW Group Inc. increased its stake in shares of FS Bancorp by 0.6% in the second quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock worth $10,579,000 after purchasing an additional 1,706 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of FS Bancorp by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock worth $2,231,000 after purchasing an additional 2,761 shares in the last quarter. Empowered Funds LLC boosted its position in shares of FS Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 30,437 shares of the bank’s stock worth $1,056,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of FS Bancorp during the second quarter worth $900,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

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.