FS Bancorp (NASDAQ:FSBW) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of FS Bancorp (NASDAQ:FSBW) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

FS Bancorp Trading Up 0.3 %

Shares of NASDAQ:FSBW opened at $31.23 on Tuesday. FS Bancorp has a 52-week low of $26.08 and a 52-week high of $38.70. The business has a 50-day moving average price of $32.93 and a 200-day moving average price of $33.08. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market cap of $243.87 million, a price-to-earnings ratio of 6.85 and a beta of 0.92.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.21. FS Bancorp had a net margin of 19.21% and a return on equity of 15.16%. The firm had revenue of $35.91 million for the quarter, compared to analyst estimates of $34.80 million. Equities analysts predict that FS Bancorp will post 4.22 EPS for the current year.

Institutional Investors Weigh In On FS Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of FS Bancorp by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 70,151 shares of the bank’s stock worth $2,069,000 after buying an additional 525 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in FS Bancorp in the 3rd quarter worth approximately $46,000. Panagora Asset Management Inc. boosted 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 worth $440,000 after purchasing an additional 6,121 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of FS Bancorp by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 29,479 shares of the bank’s stock worth $870,000 after purchasing an additional 597 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of FS Bancorp by 3.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank’s stock valued at $7,986,000 after purchasing an additional 9,716 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

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 deposit.