FS Bancorp (NASDAQ:FSBW) Rating Increased to Hold at Wall Street Zen

FS Bancorp (NASDAQ:FSBW - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Thursday.

FS Bancorp Stock Up 0.3%

NASDAQ FSBW traded up $0.13 during trading on Thursday, hitting $38.63. The stock had a trading volume of 13,721 shares, compared to its average volume of 17,032. The company has a market capitalization of $297.34 million, a PE ratio of 8.78 and a beta of 0.72. FS Bancorp has a 12 month low of $31.46 and a 12 month high of $49.15. The company's 50-day moving average price is $38.59 and its two-hundred day moving average price is $40.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.08. FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%. The company had revenue of $36.11 million for the quarter, compared to analysts' expectations of $36.05 million. As a group, sell-side analysts forecast that FS Bancorp will post 4.26 EPS for the current year.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of FS Bancorp by 216.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank's stock worth $802,000 after acquiring an additional 12,322 shares during the period. SG Americas Securities LLC raised its stake in FS Bancorp by 18.6% in the 4th quarter. SG Americas Securities LLC now owns 2,756 shares of the bank's stock valued at $113,000 after acquiring an additional 433 shares during the period. Empowered Funds LLC raised its stake in FS Bancorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 36,211 shares of the bank's stock valued at $1,487,000 after acquiring an additional 1,692 shares during the period. Angel Oak Capital Advisors LLC bought a new position in FS Bancorp during the fourth quarter worth $739,000. Finally, Bank of New York Mellon Corp boosted its position in FS Bancorp by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 57,722 shares of the bank's stock worth $2,370,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 63.88% of the company's stock.

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.