FS Bancorp (NASDAQ:FSBW) Lowered to Neutral Rating by Brean Capital

Brean Capital downgraded shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat.com reports. The firm currently has $45.00 price target on the bank’s stock.

FSBW has been the topic of a number of other reports. Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. DA Davidson reissued a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, FS Bancorp currently has a consensus rating of “Hold” and an average price target of $45.00.

FS Bancorp Stock Performance

FS Bancorp stock opened at $43.48 on Monday. The stock’s 50-day moving average is $42.27 and its 200-day moving average is $41.21. The company has a market cap of $235.44 million, a price-to-earnings ratio of 10.02 and a beta of 0.65. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.02. FS Bancorp has a 12 month low of $36.66 and a 12 month high of $45.85.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%. Equities analysts anticipate that FS Bancorp will post 4.54 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. FS Bancorp’s dividend payout ratio is presently 26.73%.

Institutional Investors Weigh In On FS Bancorp

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in FS Bancorp by 7.2% during the 1st quarter. Empowered Funds LLC now owns 38,822 shares of the bank’s stock worth $1,476,000 after acquiring an additional 2,611 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of FS Bancorp by 0.5% during the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after purchasing an additional 826 shares during the period. Rhumbline Advisers raised its stake in shares of FS Bancorp by 4.7% during the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after purchasing an additional 446 shares during the period. Marshall Wace LLP purchased a new stake in shares of FS Bancorp during the second quarter valued at approximately $262,000. Finally, Jane Street Group LLC acquired a new position in shares of FS Bancorp during the second quarter worth $413,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.