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

FS Bancorp (NASDAQ:FSBWGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Separately, Zacks Investment Research downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Monday, May 2nd.

Shares of NASDAQ FSBW traded up $0.49 during trading hours on Tuesday, hitting $30.32. 68,427 shares of the stock were exchanged, compared to its average volume of 23,899. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a market cap of $239.74 million, a PE ratio of 8.06 and a beta of 1.12. The firm has a fifty day moving average price of $29.93 and a 200-day moving average price of $31.83. FS Bancorp has a 12 month low of $28.09 and a 12 month high of $36.85.

FS Bancorp (NASDAQ:FSBWGet Rating) last released its earnings results on Thursday, April 28th. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. The company had revenue of $28.60 million for the quarter, compared to the consensus estimate of $28.75 million. FS Bancorp had a net margin of 25.20% and a return on equity of 13.32%. As a group, equities analysts anticipate that FS Bancorp will post 3.28 earnings per share for the current fiscal year.

In related news, Director Margaret R. Piesik sold 2,500 shares of FS Bancorp stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $29.94, for a total value of $74,850.00. Following the transaction, the director now directly owns 13,670 shares in the company, valued at approximately $409,279.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Tueffers sold 1,000 shares of FS Bancorp stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $29.90, for a total transaction of $29,900.00. Following the completion of the transaction, the director now owns 5,200 shares in the company, valued at $155,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,880 shares of company stock worth $350,612. 10.64% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. River Oaks Capital LLC purchased a new position in FS Bancorp in the 4th quarter valued at $807,000. BlackRock Inc. boosted its position in shares of FS Bancorp by 98.1% during the 3rd quarter. BlackRock Inc. now owns 439,314 shares of the bank’s stock worth $15,205,000 after purchasing an additional 217,505 shares in the last quarter. EJF Capital LLC boosted its position in shares of FS Bancorp by 4.1% during the 1st quarter. EJF Capital LLC now owns 383,087 shares of the bank’s stock worth $11,876,000 after purchasing an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FS Bancorp by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 322,195 shares of the bank’s stock worth $9,988,000 after purchasing an additional 8,258 shares in the last quarter. Finally, TCW Group Inc. boosted its position in shares of FS Bancorp by 1.3% during the 1st quarter. TCW Group Inc. now owns 213,244 shares of the bank’s stock worth $6,611,000 after purchasing an additional 2,700 shares in the last quarter. Hedge funds and other 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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