FS Bancorp (NASDAQ:FSBW) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of FS Bancorp (NASDAQ:FSBW) from a hold rating to a buy rating in a report released on Tuesday.

FS Bancorp Price Performance

FSBW opened at $31.44 on Tuesday. The company’s 50-day moving average price is $32.80 and its 200 day moving average price is $33.06. FS Bancorp has a fifty-two week low of $26.08 and a fifty-two week high of $38.70. The firm has a market cap of $245.55 million, a price-to-earnings ratio of 6.86 and a beta of 0.92. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.23 EPS for the quarter, beating the consensus estimate of $1.02 by $0.21. FS Bancorp had a net margin of 18.69% and a return on equity of 14.49%. The company had revenue of $35.91 million for the quarter, compared to analyst estimates of $34.80 million. As a group, sell-side analysts expect that FS Bancorp will post 4.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. TCW Group Inc. increased its stake in shares of FS Bancorp by 0.9% during the fourth quarter. TCW Group Inc. now owns 284,519 shares of the bank’s stock valued at $10,516,000 after acquiring an additional 2,540 shares during the period. Panagora Asset Management Inc. increased its stake in shares of FS Bancorp by 9.6% during the fourth quarter. Panagora Asset Management Inc. now owns 16,338 shares of the bank’s stock valued at $604,000 after acquiring an additional 1,436 shares during the period. BNP Paribas Financial Markets increased its stake in shares of FS Bancorp by 45.2% during the fourth quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock valued at $374,000 after acquiring an additional 3,152 shares during the period. SG Americas Securities LLC acquired a new position in shares of FS Bancorp during the fourth quarter valued at approximately $119,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of FS Bancorp by 5.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after acquiring an additional 389 shares during the period. Institutional investors and hedge funds 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.