FS Bancorp (FSBW) Upgraded at Zacks Investment Research

FS Bancorp (NASDAQ:FSBW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

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 raised FS Bancorp from a “sell” rating to a “hold” rating in a research report on Monday.



Shares of NASDAQ FSBW traded down $0.11 during mid-day trading on Friday, hitting $50.43. The stock had a trading volume of 5,900 shares, compared to its average volume of 10,697. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.08. FS Bancorp has a twelve month low of $41.25 and a twelve month high of $66.40. The company has a market cap of $232.09 million, a price-to-earnings ratio of 10.80, a PEG ratio of 1.37 and a beta of 0.98.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Thursday, April 25th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.09). FS Bancorp had a net margin of 25.72% and a return on equity of 12.15%. The firm had revenue of $22.24 million during the quarter, compared to analyst estimates of $22.36 million. Research analysts expect that FS Bancorp will post 5.38 earnings per share for the current year.

In other FS Bancorp news, Director Mark Tueffers sold 2,600 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $52.33, for a total value of $136,058.00. Following the sale, the director now directly owns 3,450 shares of the company’s stock, valued at $180,538.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.62% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. EJF Capital LLC boosted its holdings in FS Bancorp by 12.0% in the fourth quarter. EJF Capital LLC now owns 201,573 shares of the bank’s stock valued at $8,643,000 after purchasing an additional 21,573 shares during the last quarter. BlackRock Inc. boosted its holdings in FS Bancorp by 20.3% in the fourth quarter. BlackRock Inc. now owns 195,350 shares of the bank’s stock valued at $8,375,000 after purchasing an additional 32,949 shares during the last quarter. Vanguard Group Inc boosted its holdings in FS Bancorp by 20.4% in the third quarter. Vanguard Group Inc now owns 187,059 shares of the bank’s stock valued at $10,423,000 after purchasing an additional 31,724 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FS Bancorp by 20.4% in the third quarter. Vanguard Group Inc. now owns 187,059 shares of the bank’s stock valued at $10,423,000 after purchasing an additional 31,724 shares during the last quarter. Finally, Stilwell Value LLC boosted its holdings in FS Bancorp by 81.6% in the fourth quarter. Stilwell Value LLC now owns 158,170 shares of the bank’s stock valued at $6,782,000 after purchasing an additional 71,070 shares during the last quarter. 55.49% of the stock is currently owned by institutional investors.

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.

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