FS Bancorp (NASDAQ:FSBW) Lifted to “Buy” at StockNews.com

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

FS Bancorp Stock Performance

Shares of FSBW stock traded up $0.11 during midday trading on Tuesday, hitting $31.23. 10,660 shares of the company were exchanged, compared to its average volume of 10,907. The firm has a market capitalization of $243.87 million, a P/E ratio of 6.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The firm’s 50 day moving average price is $32.93 and its two-hundred day moving average price is $33.08. FS Bancorp has a 52 week low of $26.08 and a 52 week high of $38.70.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, January 24th. The bank reported $1.23 EPS for the quarter, topping the consensus estimate of $1.02 by $0.21. The business had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.80 million. FS Bancorp had a net margin of 19.21% and a return on equity of 15.16%. As a group, equities research analysts anticipate that FS Bancorp will post 4.22 earnings per share for the current year.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in FS Bancorp in the 3rd quarter valued at approximately $46,000. SG Americas Securities LLC acquired a new position in FS Bancorp in the 4th quarter valued at approximately $119,000. O Shaughnessy Asset Management LLC increased its position in FS Bancorp by 5.2% in the 3rd 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. BNP Paribas Financial Markets increased its position in FS Bancorp by 45.2% in the 4th 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. Finally, Panagora Asset Management Inc. increased its position in FS Bancorp by 69.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock valued at $440,000 after acquiring an additional 6,121 shares during the period. 63.88% of the stock is currently owned by institutional investors and hedge funds.

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.