FS Bancorp (NASDAQ:FSBW - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.
FS Bancorp Price Performance
FSBW traded down $0.30 during trading on Thursday, reaching $32.49. 7,299 shares of the stock were exchanged, compared to its average volume of 11,210. The business's 50 day moving average price is $33.33 and its two-hundred day moving average price is $32.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $253.62 million, a price-to-earnings ratio of 7.13 and a beta of 0.92. FS Bancorp has a 1 year low of $26.08 and a 1 year high of $38.70.
FS Bancorp (NASDAQ:FSBW - Get Free Report) last posted its earnings results on Wednesday, January 24th. The bank reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.21. The company had revenue of $35.91 million for the quarter, compared to the consensus estimate of $34.80 million. FS Bancorp had a return on equity of 15.16% and a net margin of 19.21%. As a group, equities research analysts anticipate that FS Bancorp will post 4.22 earnings per share for the current year.
Institutional Trading of FS Bancorp
A number of institutional investors have recently bought and sold shares of FSBW. UBS Group AG lifted its position in shares of FS Bancorp by 188.8% in the third quarter. UBS Group AG now owns 1,522 shares of the bank's stock valued at $41,000 after acquiring an additional 995 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of FS Bancorp in the third quarter valued at $46,000. BNP Paribas Arbitrage SNC lifted its position in shares of FS Bancorp by 2,203.8% in the second quarter. BNP Paribas Arbitrage SNC now owns 1,797 shares of the bank's stock valued at $54,000 after acquiring an additional 1,719 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of FS Bancorp in the second quarter valued at $66,000. Finally, Wells Fargo & Company MN lifted its position in shares of FS Bancorp by 5,155.1% in the second quarter. Wells Fargo & Company MN now owns 2,575 shares of the bank's stock valued at $77,000 after acquiring an additional 2,526 shares in the last quarter. 63.88% of the stock is currently owned by hedge funds and other institutional investors.
About FS Bancorp
(
Get Free Report)
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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