FS Bancorp (NASDAQ:FSBW) Lowered to “Hold” at StockNews.com

FS Bancorp (NASDAQ:FSBW) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

FS Bancorp Price Performance

Shares of NASDAQ FSBW opened at $32.46 on Wednesday. The firm has a market capitalization of $253.51 million, a P/E ratio of 7.09 and a beta of 0.95. 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’s 50-day simple moving average is $32.60 and its two-hundred day simple moving average is $33.14. FS Bancorp has a twelve month low of $27.32 and a twelve month high of $38.70.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of FS Bancorp during the 3rd quarter valued at about $46,000. SG Americas Securities LLC bought a new position in shares of FS Bancorp during the 4th quarter valued at about $119,000. O Shaughnessy Asset Management LLC increased its position in shares of FS Bancorp by 5.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after purchasing an additional 389 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of FS Bancorp by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock valued at $374,000 after purchasing an additional 3,152 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of FS Bancorp by 69.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock valued at $440,000 after purchasing an additional 6,121 shares during the last quarter. 63.88% of the stock is currently 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 deposit.