FS Bancorp (NASDAQ:FSBW) Downgraded by StockNews.com to "Hold"

FS Bancorp (NASDAQ:FSBW - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Separately, DA Davidson increased their price objective on shares of FS Bancorp from $34.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th.

FS Bancorp Stock Performance

FSBW stock traded up $0.04 during trading on Wednesday, reaching $44.33. The stock had a trading volume of 8,191 shares, compared to its average volume of 15,045. The stock's 50 day moving average is $43.46 and its two-hundred day moving average is $38.02. The firm has a market cap of $345.60 million, a PE ratio of 9.68 and a beta of 0.93. FS Bancorp has a 52 week low of $28.07 and a 52 week high of $47.01. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.15. The business had revenue of $53.01 million during the quarter, compared to analysts' expectations of $37.10 million. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. As a group, equities analysts anticipate that FS Bancorp will post 4.44 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. Assenagon Asset Management S.A. raised its position in shares of FS Bancorp by 22.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank's stock valued at $1,348,000 after buying an additional 5,614 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of FS Bancorp during the 3rd quarter valued at about $62,000. SG Americas Securities LLC purchased a new position in shares of FS Bancorp during the third quarter valued at about $103,000. Dimensional Fund Advisors LP increased its holdings in shares of FS Bancorp by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank's stock worth $14,401,000 after purchasing an additional 3,811 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in FS Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank's stock worth $372,000 after acquiring an additional 434 shares during the last quarter. Institutional investors own 63.88% of the company's stock.

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.

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