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

StockNews.com cut 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 objective on shares of FS Bancorp from $34.00 to $44.00 and gave the company a neutral rating in a research report on Thursday, July 25th.

FS Bancorp Trading Down 0.3 %

NASDAQ:FSBW opened at $44.14 on Thursday. FS Bancorp has a one year low of $28.07 and a one year high of $47.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.08 and a quick ratio of 1.06. The firm has a market capitalization of $344.08 million, a price-to-earnings ratio of 9.64 and a beta of 0.93. The business has a fifty day moving average price of $42.99 and a 200-day moving average price of $36.81.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. The firm had revenue of $51.81 million for the quarter, compared to the consensus estimate of $35.40 million. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. Sell-side analysts forecast that FS Bancorp will post 4.17 EPS for the current year.

FS Bancorp Increases Dividend

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

Hedge Funds Weigh In On FS Bancorp

A number of large investors have recently bought and sold shares of FSBW. Assenagon Asset Management S.A. bought a new position in FS Bancorp in the second quarter worth about $900,000. Agate Pass Investment Management LLC bought a new position in shares of FS Bancorp during the 2nd quarter worth approximately $382,000. Dimensional Fund Advisors LP lifted its position in FS Bancorp by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock valued at $14,401,000 after acquiring an additional 3,811 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in FS Bancorp by 45.2% in 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in FS Bancorp by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock worth $2,231,000 after purchasing an additional 2,761 shares during the last quarter. 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.