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

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

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 note on Thursday, July 25th.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $44.33 on Wednesday. The stock has a market cap of $345.60 million, a PE ratio of 9.68 and a beta of 0.93. The business has a 50-day simple moving average of $43.53 and a 200-day simple moving average of $38.06. 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 has a 52-week low of $28.07 and a 52-week high of $47.01.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share for the quarter, beating 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 firm had revenue of $53.01 million during the quarter, compared to analyst estimates of $37.10 million. On average, equities analysts expect that FS Bancorp will post 4.44 EPS for the current year.

Institutional Investors Weigh In On FS Bancorp

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in FS Bancorp during the 2nd quarter worth approximately $900,000. TCW Group Inc. grew its position 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 valued at $10,579,000 after purchasing an additional 1,706 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of FS Bancorp by 64.5% in the first quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock valued at $79,000 after purchasing an additional 897 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of FS Bancorp by 4.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock valued at $268,000 after purchasing an additional 320 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 valued at $2,231,000 after purchasing an additional 2,761 shares in the last quarter. 63.88% of the stock is currently 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.