FS Bancorp (NASDAQ:FSBW) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a hold rating in a report issued on Wednesday morning.

Separately, DA Davidson raised their target price on shares of 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 Down 2.5 %

Shares of NASDAQ:FSBW opened at $43.63 on Wednesday. The business’s 50 day moving average is $43.63 and its 200 day moving average is $38.18. The stock has a market cap of $340.14 million, a P/E ratio of 9.53 and a beta of 0.93. FS Bancorp has a 52-week low of $28.07 and a 52-week high of $47.01. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. The business had revenue of $53.01 million for the quarter, compared to the consensus estimate of $37.10 million. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. Sell-side analysts predict that FS Bancorp will post 4.44 EPS for the current year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.48%. FS Bancorp’s dividend payout ratio is presently 23.58%.

Institutional Investors Weigh In On FS Bancorp

A number of hedge funds have recently made changes to their positions in FSBW. O Shaughnessy Asset Management LLC raised its holdings in FS Bancorp by 4.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock worth $268,000 after purchasing an additional 320 shares in the last quarter. Rhumbline Advisers raised its stake in shares of FS Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after acquiring an additional 434 shares in the last quarter. Lazard Asset Management LLC raised its stake 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 worth $79,000 after acquiring an additional 897 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in FS Bancorp during the third quarter valued at approximately $62,000. Finally, TCW Group Inc. boosted its stake in FS Bancorp by 0.6% in the second quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock valued at $10,579,000 after acquiring an additional 1,706 shares in the last quarter. 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.