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

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

FS Bancorp Price Performance

FSBW stock opened at $33.72 on Tuesday. FS Bancorp has a 52-week low of $26.08 and a 52-week high of $38.70. The stock’s fifty day simple moving average is $33.89 and its 200-day simple moving average is $32.63. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $263.35 million, a price-to-earnings ratio of 7.39 and a beta of 0.92.

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

Hedge Funds Weigh In On FS Bancorp

Hedge funds have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of FS Bancorp by 103.2% during the first quarter. UBS Group AG now owns 1,443 shares of the bank’s stock valued at $43,000 after buying an additional 733 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of FS Bancorp in the third quarter valued at $46,000. BNP Paribas Arbitrage SNC increased its holdings in shares of FS Bancorp by 2,203.8% in the second quarter. BNP Paribas Arbitrage SNC now owns 1,797 shares of the bank’s stock valued at $54,000 after buying an additional 1,719 shares in the last quarter. California State Teachers Retirement System bought a new position in shares of FS Bancorp in the second quarter valued at $66,000. Finally, Wells Fargo & Company MN increased its holdings in shares of FS Bancorp by 5,155.1% in the second quarter. Wells Fargo & Company MN now owns 2,575 shares of the bank’s stock valued at $77,000 after buying an additional 2,526 shares in the last quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.

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.