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

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

Separately, DA Davidson increased their price target on FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th.

FS Bancorp Trading Up 1.0 %

NASDAQ:FSBW opened at $42.36 on Friday. FS Bancorp has a twelve month low of $28.07 and a twelve month high of $47.01. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $43.00 and a two-hundred day moving average price of $37.14. The company has a market cap of $330.24 million, a P/E ratio of 9.25 and a beta of 0.93.

FS Bancorp (NASDAQ:FSBW) last released 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 company had revenue of $51.81 million during the quarter, compared to the consensus estimate of $35.40 million. FS Bancorp had a return on equity of 13.40% and a net margin of 18.05%. As a group, analysts expect that FS Bancorp will post 4.17 EPS for the current fiscal year.

Institutional Investors Weigh In On FS Bancorp

A number of large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in FS Bancorp during the 2nd quarter worth $900,000. TCW Group Inc. boosted its stake in FS Bancorp by 0.6% in the second quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock valued at $10,579,000 after buying an additional 1,706 shares in the last quarter. Lazard Asset Management LLC boosted its stake in FS Bancorp by 64.5% in the first quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock valued at $79,000 after buying an additional 897 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in FS Bancorp by 4.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock valued at $268,000 after buying an additional 320 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 valued at $2,231,000 after buying an additional 2,761 shares in 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.