FS Bancorp (NASDAQ:FSBW) Stock Rating Upgraded by StockNews.com

FS Bancorp (NASDAQ:FSBW – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

FS Bancorp Stock Down 2.3 %

FSBW stock opened at $27.61 on Friday. The company has a market cap of $213.78 million, a PE ratio of 7.04 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.02. FS Bancorp has a twelve month low of $26.08 and a twelve month high of $37.39. The business’s 50-day simple moving average is $29.75 and its 200 day simple moving average is $32.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. bought a new position in shares of FS Bancorp in the fourth quarter valued at approximately $234,000. Barclays PLC raised its position in FS Bancorp by 107.4% in the 3rd quarter. Barclays PLC now owns 32,353 shares of the bank’s stock valued at $882,000 after purchasing an additional 16,757 shares during the last quarter. Denali Advisors LLC bought a new position in FS Bancorp in the 1st quarter valued at $36,000. Dorsey Wright & Associates bought a new position in FS Bancorp in the 4th quarter valued at $27,000. Finally, Pacific Ridge Capital Partners LLC raised its position in FS Bancorp by 11.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 233,161 shares of the bank’s stock valued at $7,797,000 after purchasing an additional 23,898 shares during the last quarter. Institutional investors own 53.53% of the company’s stock.

About FS Bancorp

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FS Bancorp, Inc operates as a bank holding company, which engages in the provision of banking and financial services through its subsidiary. It operates through the Commercial and Consumer Banking, and Home Lending segments. The Commercial and Consumer Banking segment focuses on diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ATM), online banking platforms, mobile banking apps, and telephone banking.