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

StockNews.com lowered shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a hold rating in a report issued on Thursday morning.

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

FS Bancorp Stock Down 0.3 %

FS Bancorp stock opened at $44.13 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.08. The company has a market capitalization of $344.04 million, a PE ratio of 9.64 and a beta of 0.93. FS Bancorp has a fifty-two week low of $28.07 and a fifty-two week high of $47.01. The firm has a 50 day moving average price of $42.99 and a 200 day moving average price of $36.84.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.10. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. The business had revenue of $51.81 million for the quarter, compared to analysts’ expectations of $35.40 million. Research analysts expect that FS Bancorp will post 4.17 earnings per share for the current year.

FS Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a $0.27 dividend. This is an increase from FS Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $1.08 annualized dividend and a yield of 2.45%. FS Bancorp’s dividend payout ratio is 23.58%.

Hedge Funds Weigh In On FS Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of FS Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 403,704 shares of the bank’s stock valued at $14,013,000 after purchasing an additional 2,376 shares during the period. Dimensional Fund Advisors LP increased its stake in FS Bancorp by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock valued at $14,401,000 after buying an additional 3,811 shares during the period. TCW Group Inc. raised its position in FS Bancorp by 0.6% during the 2nd quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock worth $10,579,000 after buying an additional 1,706 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of FS Bancorp by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock worth $2,231,000 after acquiring an additional 2,761 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of FS Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 30,437 shares of the bank’s stock valued at $1,056,000 after acquiring an additional 2,275 shares in the last quarter. Hedge funds and other 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.