FS Bancorp Downgraded to 'Hold' Rating

FS Bancorp (NASDAQ:FSBW) recently experienced a downgrade by analysts at StockNews.com, moving from a "buy" rating to a "hold" rating in a research note published on Wednesday.

In addition, DA Davidson has raised its price target for FS Bancorp shares from $34.00 to $44.00, assigning a "neutral" rating in a report dated July 25th.

FS Bancorp Stock Performance

On the day of the downgrade, FSBW shares traded up by $0.04, hitting a price of $44.33. The trading volume was reported at 8,191 shares, which is lower than the average volume of 15,045. Currently, the 50-day moving average stands at $43.46, while the two-hundred-day moving average is at $38.02. With a market capitalization of $345.60 million, the stock has a price-to-earnings (P/E) ratio of 9.68 and a beta of 0.93. Over the past year, FS Bancorp has reached a low of $28.07 and a high of $47.01. The financial metrics show a current ratio of 1.08, a quick ratio of 1.06, and a debt-to-equity ratio of 0.81.

On October 22nd, FS Bancorp announced its latest earnings results, reporting an earnings per share (EPS) of $1.29 for the quarter, which surpassed analysts' expectations of $1.14 by $0.15. The company recorded revenue of $53.01 million for the quarter, significantly exceeding the anticipated figure of $37.10 million. FS Bancorp had a net profit margin of 18.05% and a return on equity of 13.40%. Analysts predict that FS Bancorp will achieve an EPS of 4.44 for the current year.

Institutional Trading of FS Bancorp

Various institutional investors have recently adjusted their stakes in FS Bancorp. For instance, Assenagon Asset Management S.A. increased its position in the bank’s stock by 22.7% during the third quarter, now holding 30,292 shares valued at $1,348,000 after purchasing an additional 5,614 shares. Additionally, Copeland Capital Management LLC acquired a new stake worth approximately $62,000. SG Americas Securities LLC and Dimensional Fund Advisors LP also made new purchases, with the latter increasing holdings in FS Bancorp by 1.0% in the second quarter. Rhumbline Advisers also raised its stake by 4.4% during the second quarter, now owning 10,197 shares valued at $372,000. Overall, institutional investors control 63.88% of the company’s shares.

FS Bancorp Company Profile

FS Bancorp, Inc. operates as a bank holding company for the 1st Security Bank of Washington, offering a range of banking and financial services to local families, as well as regional businesses and various industries. It has two main segments: Commercial and Consumer Banking, along with Home Lending. The company provides a variety of deposit options, such as checking accounts, money market accounts, savings accounts, and certificates of deposit.

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