FS Bancorp (NASDAQ:FSBW) Cut to “Neutral” at Brean Capital

Brean Capital lowered shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a neutral rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has $45.00 price target on the bank’s stock.

FSBW has been the topic of a number of other research reports. DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of FS Bancorp in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, FS Bancorp currently has an average rating of “Hold” and an average target price of $45.00.

FS Bancorp Trading Down 0.0%

FSBW opened at $43.65 on Monday. The stock has a market cap of $236.14 million, a price-to-earnings ratio of 10.06 and a beta of 0.65. The stock’s 50 day moving average price is $42.42 and its 200-day moving average price is $41.24. FS Bancorp has a one year low of $36.66 and a one year high of $45.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04.

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

FS Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, August 7th. FS Bancorp’s dividend payout ratio is currently 26.73%.

Hedge Funds Weigh In On FS Bancorp

Several institutional investors have recently made changes to their positions in the company. Daytona Street Capital LLC purchased a new position in FS Bancorp during the fourth quarter valued at approximately $1,335,000. Siena Capital Partners GP LLC lifted its holdings in FS Bancorp by 156.1% during the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock worth $2,159,000 after buying an additional 31,965 shares during the period. Jane Street Group LLC purchased a new stake in FS Bancorp during the second quarter worth $413,000. Squarepoint Ops LLC bought a new stake in FS Bancorp during the 4th quarter valued at $361,000. Finally, NewEdge Advisors LLC bought a new stake in FS Bancorp during the 1st quarter valued at $262,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.

About FS Bancorp

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.