FS Bancorp (NASDAQ:FSBW) Upgraded at BidaskClub

FS Bancorp (NASDAQ:FSBW) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other research firms also recently issued reports on FSBW. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, October 8th. ValuEngine downgraded FS Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Finally, DA Davidson reissued a “neutral” rating on shares of FS Bancorp in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. FS Bancorp currently has an average rating of “Buy” and a consensus price target of $59.00.

Shares of NASDAQ FSBW traded down $0.29 during midday trading on Tuesday, reaching $59.47. 4,700 shares of the stock traded hands, compared to its average volume of 13,594. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 1.03. The company’s 50 day moving average is $54.38 and its 200 day moving average is $50.72. FS Bancorp has a one year low of $41.25 and a one year high of $60.31. The stock has a market capitalization of $266.68 million, a PE ratio of 12.73 and a beta of 1.07.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Thursday, October 24th. The bank reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. FS Bancorp had a return on equity of 12.13% and a net margin of 24.60%. The business had revenue of $24.48 million for the quarter, compared to analyst estimates of $23.82 million. As a group, equities analysts forecast that FS Bancorp will post 5.45 EPS for the current year.

In other news, insider Robert B. Fuller sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $57.14, for a total transaction of $228,560.00. Following the transaction, the insider now owns 11,660 shares of the company’s stock, valued at approximately $666,252.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 4,440 shares of company stock worth $253,846 in the last three months. Corporate insiders own 8.62% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of FS Bancorp during the 3rd quarter worth $32,000. FCA Corp TX bought a new position in shares of FS Bancorp during the 2nd quarter worth $245,000. Jane Street Group LLC bought a new position in shares of FS Bancorp during the 2nd quarter worth $246,000. Rhumbline Advisers grew its position in shares of FS Bancorp by 8.5% during the 3rd quarter. Rhumbline Advisers now owns 5,805 shares of the bank’s stock worth $305,000 after buying an additional 453 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of FS Bancorp by 693.9% during the 2nd quarter. US Bancorp DE now owns 6,232 shares of the bank’s stock worth $323,000 after buying an additional 5,447 shares in the last quarter. 58.20% of the stock is currently 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.

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