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 research report issued to clients and investors on Thursday.

Separately, DA Davidson boosted their target price on 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 0.3 %

FS Bancorp stock opened at $44.14 on Thursday. The firm has a market cap of $344.08 million, a price-to-earnings ratio of 9.64 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 debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.08. The firm has a 50 day moving average price of $42.99 and a two-hundred day moving average price of $36.78.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.03 by $0.10. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. The company had revenue of $51.81 million during the quarter, compared to the consensus estimate of $35.40 million. Equities analysts predict that FS Bancorp will post 4.17 EPS for the current year.

Institutional Investors Weigh In On FS Bancorp

Institutional investors have recently added to or reduced their stakes in the company. 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. Rhumbline Advisers lifted its position in FS Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock valued at $372,000 after purchasing an additional 434 shares during the last quarter. Lazard Asset Management LLC grew its stake in FS Bancorp by 64.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock worth $79,000 after buying an additional 897 shares in the last quarter. TCW Group Inc. raised its position in shares of FS Bancorp by 0.6% during the 2nd 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 in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of FS Bancorp by 8.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 21,347 shares of the bank’s stock worth $778,000 after acquiring an additional 1,707 shares during the last quarter. 63.88% of the stock is owned by 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.