FS Bancorp (NASDAQ:FSBW) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of FS Bancorp (NASDAQ:FSBWGet Rating) from a hold rating to a buy rating in a research note released on Wednesday.

Separately, Zacks Investment Research cut FS Bancorp from a buy rating to a hold rating in a report on Monday, May 2nd.

FS Bancorp stock opened at $28.74 on Wednesday. The business’s 50-day simple moving average is $30.36 and its 200 day simple moving average is $32.41. The stock has a market cap of $227.33 million, a price-to-earnings ratio of 7.64 and a beta of 1.13. FS Bancorp has a 12-month low of $28.53 and a 12-month high of $36.85. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.36.

FS Bancorp (NASDAQ:FSBWGet Rating) last issued its earnings results on Thursday, April 28th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. FS Bancorp had a return on equity of 13.42% and a net margin of 25.20%. As a group, sell-side analysts expect that FS Bancorp will post 3.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $1.20 dividend on an annualized basis and a yield of 4.18%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.20. FS Bancorp’s dividend payout ratio (DPR) is 21.28%.

In other news, Director Margaret R. Piesik sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $29.94, for a total transaction of $74,850.00. Following the sale, the director now owns 13,670 shares of the company’s stock, valued at $409,279.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark Tueffers sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $29.90, for a total value of $29,900.00. Following the sale, the director now directly owns 5,200 shares in the company, valued at approximately $155,480. The disclosure for this sale can be found here. Company insiders own 10.64% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. raised its position in FS Bancorp by 342.9% in the 3rd quarter. Citigroup Inc. now owns 815 shares of the bank’s stock valued at $28,000 after buying an additional 631 shares during the last quarter. Denali Advisors LLC acquired a new stake in FS Bancorp in the 4th quarter valued at approximately $34,000. Metropolitan Life Insurance Co NY acquired a new stake in FS Bancorp in the 4th quarter valued at approximately $64,000. BNP Paribas Arbitrage SA raised its position in FS Bancorp by 251.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,026 shares of the bank’s stock valued at $70,000 after buying an additional 1,450 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in FS Bancorp in the 4th quarter valued at approximately $86,000. 64.60% of the stock is currently owned by institutional investors and hedge funds.

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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