FS Bancorp (FSBW) Raised to “Hold” at Zacks Investment Research

FS Bancorp (NASDAQ:FSBW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “FS Bancorp, Inc. is a holding company of 1st Security Bank of Washington that delivers banking and financial services to local families, local and regional businesses and industry niches within distinct Puget Sound area communities. It originates home improvement loans, commercial real estate mortgage loans, commercial business loans, and second mortgage/home equity loan products, consumer loans, including home improvement loans. The company also offers various lending products, such as commercial real estate, commercial business, and residential construction lending. FS Bancorp, Inc. is headquartered in Mountlake Terrace, Washington. “

Separately, ValuEngine cut FS Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th.

FS Bancorp stock opened at $45.14 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $166.89 million, a PE ratio of 10.82, a price-to-earnings-growth ratio of 0.98 and a beta of 0.48. FS Bancorp has a 1-year low of $42.02 and a 1-year high of $66.40.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.04). The business had revenue of $17.66 million during the quarter, compared to analyst estimates of $17.96 million. FS Bancorp had a return on equity of 12.95% and a net margin of 21.47%. As a group, equities research analysts expect that FS Bancorp will post 4.57 EPS for the current fiscal year.

In other FS Bancorp news, CEO Joseph C. Adams sold 4,446 shares of FS Bancorp stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $59.69, for a total transaction of $265,381.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert B. Fuller sold 3,500 shares of FS Bancorp stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $59.05, for a total value of $206,675.00. Following the sale, the insider now directly owns 10,185 shares of the company’s stock, valued at approximately $601,424.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,346 shares of company stock valued at $495,861. 11.63% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. acquired a new stake in FS Bancorp during the 2nd quarter worth about $133,000. American Century Companies Inc. acquired a new stake in FS Bancorp during the 2nd quarter worth about $209,000. First Trust Advisors LP lifted its position in FS Bancorp by 21.5% during the 2nd quarter. First Trust Advisors LP now owns 5,224 shares of the bank’s stock worth $330,000 after acquiring an additional 926 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of FS Bancorp during the 2nd quarter valued at about $380,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of FS Bancorp by 95.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 12,919 shares of the bank’s stock valued at $817,000 after buying an additional 6,319 shares during the last quarter. 58.76% of the stock is owned by institutional investors.

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 deposits.

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