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

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

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 research note on Thursday, July 25th.

FS Bancorp Stock Down 0.3 %

NASDAQ:FSBW opened at $44.14 on Thursday. FS Bancorp has a 1-year low of $28.07 and a 1-year high of $47.01. The firm’s 50-day moving average price is $42.99 and its 200-day moving average price is $36.78. The company has a market capitalization of $344.08 million, a PE ratio of 9.64 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 posted its quarterly 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. The firm had revenue of $51.81 million for the quarter, compared to analysts’ expectations of $35.40 million. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. On average, equities analysts predict that FS Bancorp will post 4.17 EPS for the current fiscal year.

Hedge Funds Weigh In On FS Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in FS Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 403,704 shares of the bank’s stock valued at $14,013,000 after acquiring an additional 2,376 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of FS Bancorp by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock worth $14,401,000 after buying an additional 3,811 shares during the last quarter. TCW Group Inc. grew its position in FS Bancorp by 0.6% during the second quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock valued at $10,579,000 after buying an additional 1,706 shares during the period. Bank of New York Mellon Corp increased its holdings in FS Bancorp by 4.7% during 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 buying an additional 2,761 shares during the last quarter. Finally, Empowered Funds LLC raised its position in FS Bancorp by 8.1% in 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 period. 63.88% of the stock is owned by 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.