ValuEngine Lowers FS Bancorp (NASDAQ:FSBW) to Strong Sell

ValuEngine cut shares of FS Bancorp (NASDAQ:FSBW) from a sell rating to a strong sell rating in a research note published on Thursday, ValuEngine reports.

Other analysts have also issued research reports about the company. Raymond James raised FS Bancorp from a market perform rating to an outperform rating and set a $45.00 price target on the stock in a research note on Wednesday, June 17th. Zacks Investment Research lowered FS Bancorp from a buy rating to a hold rating in a research note on Tuesday, June 30th.

FSBW stock traded up $0.13 during trading on Thursday, hitting $38.00. The company had a trading volume of 7,150 shares, compared to its average volume of 11,449. The company has a fifty day moving average price of $37.09 and a two-hundred day moving average price of $42.69. The company has a current ratio of 1.09, a quick ratio of 1.01 and a debt-to-equity ratio of 0.87. The company has a market cap of $162.70 million, a P/E ratio of 6.01 and a beta of 1.32. FS Bancorp has a fifty-two week low of $27.50 and a fifty-two week high of $64.41.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $1.20. The business had revenue of $31.99 million for the quarter, compared to analyst estimates of $24.95 million. FS Bancorp had a return on equity of 14.26% and a net margin of 22.78%. On average, analysts expect that FS Bancorp will post 6.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, August 5th. FS Bancorp’s dividend payout ratio is currently 16.34%.

A number of institutional investors have recently bought and sold shares of FSBW. Citigroup Inc. boosted its stake in FS Bancorp by 52.3% in the fourth quarter. Citigroup Inc. now owns 801 shares of the bank’s stock worth $51,000 after purchasing an additional 275 shares in the last quarter. UBS Group AG boosted its stake in FS Bancorp by 41.7% in the fourth quarter. UBS Group AG now owns 5,571 shares of the bank’s stock worth $355,000 after purchasing an additional 1,640 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in FS Bancorp in the fourth quarter worth $515,000. Bank of New York Mellon Corp lifted its stake in shares of FS Bancorp by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 37,844 shares of the bank’s stock valued at $2,414,000 after acquiring an additional 3,280 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of FS Bancorp by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 57,495 shares of the bank’s stock valued at $3,667,000 after acquiring an additional 9,615 shares during the period. 59.89% of the stock is currently owned by institutional investors.

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.

Further Reading: Why Net Income is Important to Investors

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