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

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

Separately, Zacks Investment Research raised FS Bancorp from a hold rating to a buy rating and set a $38.00 price target for the company in a research report on Tuesday, February 1st.

Shares of NASDAQ:FSBW opened at $29.37 on Monday. The company has a market cap of $237.57 million, a P/E ratio of 7.81 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. FS Bancorp has a 52 week low of $29.31 and a 52 week high of $36.85. The business has a fifty day simple moving average of $30.89 and a 200-day simple moving average of $32.82.

FS Bancorp (NASDAQ:FSBWGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The bank reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. FS Bancorp had a return on equity of 13.32% and a net margin of 25.20%. Sell-side analysts expect that FS Bancorp will post 3.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, May 11th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.20. FS Bancorp’s payout ratio is 21.28%.

In other FS Bancorp news, Director Mark Tueffers sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $33.50, for a total transaction of $117,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.26% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of FS Bancorp by 98.1% during the third quarter. Geode Capital Management LLC now owns 135,054 shares of the bank’s stock worth $4,674,000 after purchasing an additional 66,867 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of FS Bancorp during the fourth quarter worth about $34,000. Strs Ohio lifted its stake in shares of FS Bancorp by 12.1% during the fourth quarter. Strs Ohio now owns 7,400 shares of the bank’s stock worth $248,000 after purchasing an additional 800 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of FS Bancorp by 99.5% during the third quarter. HighTower Advisors LLC now owns 28,882 shares of the bank’s stock worth $1,000,000 after purchasing an additional 14,407 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of FS Bancorp by 103.7% during the third quarter. Dimensional Fund Advisors LP now owns 312,313 shares of the bank’s stock worth $10,809,000 after purchasing an additional 159,000 shares in the last quarter. Institutional investors own 64.60% of the company’s stock.

FS Bancorp Company Profile (Get Rating)

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.

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