FS Bancorp (NASDAQ:FSBW) Downgraded by StockNews.com

StockNews.com downgraded shares of FS Bancorp (NASDAQ:FSBWGet Rating) from a buy rating to a hold rating in a report released on Thursday morning.

Separately, Zacks Investment Research downgraded shares of FS Bancorp from a buy rating to a hold rating in a research report on Monday, May 2nd.

FSBW stock opened at $30.36 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.96 and a current ratio of 0.98. The stock has a market cap of $240.15 million, a P/E ratio of 8.07 and a beta of 1.13. The firm has a 50 day simple moving average of $30.08 and a 200 day simple moving average of $32.07. FS Bancorp has a 52 week low of $28.09 and a 52 week high of $36.85.

FS Bancorp (NASDAQ:FSBWGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The bank reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. FS Bancorp had a net margin of 25.20% and a return on equity of 13.42%. Sell-side analysts predict that FS Bancorp will post 3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 26th. Investors of record on Thursday, May 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.95%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.20. FS Bancorp’s dividend payout ratio (DPR) is presently 21.28%.

In related news, Director Mark Tueffers sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $29.77, for a total transaction of $59,540.00. Following the completion of the transaction, the director now owns 1,180 shares of the company’s stock, valued at $35,128.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Margaret R. Piesik sold 2,500 shares of FS Bancorp stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $29.94, for a total transaction of $74,850.00. Following the sale, the director now owns 13,670 shares of the company’s stock, valued at $409,279.80. The disclosure for this sale can be found here. Insiders have sold 10,700 shares of company stock worth $314,941 over the last three months. Insiders own 10.64% of the company’s stock.

A number of large investors have recently bought and sold shares of FSBW. River Oaks Capital LLC purchased a new position in FS Bancorp during the 4th quarter valued at $807,000. BlackRock Inc. raised its stake in shares of FS Bancorp by 98.1% in the third quarter. BlackRock Inc. now owns 439,314 shares of the bank’s stock worth $15,205,000 after purchasing an additional 217,505 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FS Bancorp by 103.7% in the third quarter. Dimensional Fund Advisors LP now owns 312,313 shares of the bank’s stock worth $10,809,000 after purchasing an additional 159,000 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of FS Bancorp by 109.5% in the third quarter. Alliancebernstein L.P. now owns 173,681 shares of the bank’s stock worth $6,011,000 after purchasing an additional 90,794 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of FS Bancorp by 83.0% in the third quarter. Renaissance Technologies LLC now owns 150,362 shares of the bank’s stock worth $5,204,000 after acquiring an additional 68,212 shares during the period. Institutional investors own 64.60% of the company’s stock.

About FS Bancorp (Get Rating)

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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