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

StockNews.com upgraded shares of FS Bancorp (NASDAQ:FSBW) from a hold rating to a buy rating in a research report report published on Tuesday morning.

FS Bancorp Stock Up 0.3 %

FSBW stock opened at $31.23 on Tuesday. The company has a market cap of $243.87 million, a price-to-earnings ratio of 6.85 and a beta of 0.92. The company has a fifty day moving average price of $32.93 and a 200 day moving average price of $33.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. FS Bancorp has a 12 month low of $26.08 and a 12 month high of $38.70.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, January 24th. The bank reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.21. FS Bancorp had a net margin of 19.21% and a return on equity of 15.16%. The business had revenue of $35.91 million during the quarter, compared to analysts’ expectations of $34.80 million. Sell-side analysts expect that FS Bancorp will post 4.22 earnings per share for the current year.

Institutional Trading of FS Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSBW. O Shaughnessy Asset Management LLC increased its holdings in shares of FS Bancorp by 5.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after purchasing an additional 389 shares during the period. Bank of New York Mellon Corp increased its stake in FS Bancorp by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,151 shares of the bank’s stock valued at $2,069,000 after buying an additional 525 shares during the period. HighTower Advisors LLC increased its stake in FS Bancorp by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 29,479 shares of the bank’s stock valued at $870,000 after buying an additional 597 shares during the period. Panagora Asset Management Inc. raised its position in FS Bancorp by 9.6% during the 4th quarter. Panagora Asset Management Inc. now owns 16,338 shares of the bank’s stock worth $604,000 after buying an additional 1,436 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of FS Bancorp in the 3rd quarter worth $46,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

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.