FS Bancorp (NASDAQ:FSBW) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a hold rating in a research note released on Wednesday, January 31st.

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 downgraded FS Bancorp from a strong-buy rating to a buy rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. FS Bancorp currently has an average rating of Buy and an average price target of $50.75.

FS Bancorp (FSBW) traded down $0.03 during midday trading on Wednesday, reaching $54.51. The company had a trading volume of 10,080 shares, compared to its average volume of 13,475. FS Bancorp has a 12-month low of $35.80 and a 12-month high of $59.81. The stock has a market cap of $200.61, a P/E ratio of 12.65, a P/E/G ratio of 1.17 and a beta of 0.45. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). FS Bancorp had a net margin of 20.05% and a return on equity of 14.11%. The firm had revenue of $16.56 million during the quarter, compared to analysts’ expectations of $17.14 million. equities research analysts anticipate that FS Bancorp will post 4.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, February 6th. FS Bancorp’s payout ratio is 10.21%.

In other FS Bancorp news, Director Mark Tueffers sold 2,400 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $56.25, for a total transaction of $135,000.00. Following the completion of the transaction, the director now owns 200 shares of the company’s stock, valued at $11,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FSBW. JPMorgan Chase & Co. purchased a new position in FS Bancorp during the second quarter worth $156,000. Vanguard Group Inc. increased its position in FS Bancorp by 4.6% during the second quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock worth $2,932,000 after buying an additional 2,894 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in FS Bancorp during the second quarter worth $266,000. Janus Henderson Group PLC purchased a new position in FS Bancorp during the second quarter worth $338,000. Finally, ZPR Investment Management increased its position in FS Bancorp by 34.0% during the second quarter. ZPR Investment Management now owns 14,777 shares of the bank’s stock worth $660,000 after buying an additional 3,749 shares in the last quarter. 42.88% of the stock is owned by institutional investors.

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About FS Bancorp

FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.

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