StockNews.com Lowers FS Bancorp (NASDAQ:FSBW) to Hold

FS Bancorp (NASDAQ:FSBW) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

FS Bancorp Stock Down 3.7 %

FSBW opened at $32.79 on Thursday. The company has a market capitalization of $256.09 million, a P/E ratio of 7.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The firm’s fifty day moving average price is $33.41 and its two-hundred day moving average price is $32.92. FS Bancorp has a fifty-two week low of $26.08 and a fifty-two week high of $38.70.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.21. FS Bancorp had a return on equity of 15.16% and a net margin of 19.21%. The company had revenue of $35.91 million for the quarter, compared to the consensus estimate of $34.80 million. On average, analysts anticipate that FS Bancorp will post 4.22 EPS for the current year.

Hedge Funds Weigh In On FS Bancorp

Several institutional investors have recently bought and sold shares of FSBW. BlackRock Inc. increased its position in FS Bancorp by 170.3% in the 2nd quarter. BlackRock Inc. now owns 404,141 shares of the bank’s stock valued at $12,153,000 after acquiring an additional 254,606 shares in the last quarter. Millennium Management LLC increased its holdings in shares of FS Bancorp by 137.3% in the second quarter. Millennium Management LLC now owns 103,038 shares of the bank’s stock valued at $2,958,000 after purchasing an additional 59,615 shares in the last quarter. Citadel Advisors LLC bought a new position in FS Bancorp in the 2nd quarter worth approximately $1,697,000. Geode Capital Management LLC raised its position in FS Bancorp by 71.0% in the 2nd quarter. Geode Capital Management LLC now owns 130,897 shares of the bank’s stock worth $3,936,000 after purchasing an additional 54,343 shares during the last quarter. Finally, State Street Corp lifted its holdings in FS Bancorp by 175.4% during the 2nd quarter. State Street Corp now owns 80,499 shares of the bank’s stock worth $2,421,000 after buying an additional 51,267 shares in the last quarter. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

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.