FS Bancorp (NASDAQ:FSBW) Stock Rating Lowered by Zacks Research

FS Bancorp (NASDAQ:FSBWGet Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a research note on Wednesday, July 22nd. Brean Capital downgraded shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Monday. Finally, Weiss Ratings upgraded FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.00.

Read Our Latest Stock Analysis on FSBW

FS Bancorp Trading Down 0.0%

Shares of FSBW opened at $43.65 on Tuesday. 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 1 year low of $36.66 and a 1 year high of $45.85. The company has a 50 day simple moving average of $42.42 and a two-hundred day simple moving average of $41.24. The firm has a market cap of $236.14 million, a P/E ratio of 10.06 and a beta of 0.65.

FS Bancorp (NASDAQ:FSBWGet Free Report) last released its earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. FS Bancorp had a net margin of 14.88% and a return on equity of 10.96%. The firm had revenue of $5.24 million for the quarter, compared to the consensus estimate of $38.00 million. On average, equities analysts expect that FS Bancorp will post 4.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FS Bancorp

Several large investors have recently bought and sold shares of FSBW. Russell Investments Group Ltd. raised its stake in FS Bancorp by 1,852.8% during the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after purchasing an additional 667 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of FS Bancorp by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after buying an additional 679 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of FS Bancorp by 489.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after buying an additional 1,644 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of FS Bancorp in the 4th quarter worth about $193,000. Finally, Bank of America Corp DE raised its position in shares of FS Bancorp by 6.0% during the 1st quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock valued at $233,000 after buying an additional 343 shares in the last quarter. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

(Get Free Report)

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.

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