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

StockNews.com downgraded shares of FS Bancorp (NASDAQ:FSBW) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

FS Bancorp Trading Up 1.0 %

Shares of FSBW opened at $32.80 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market cap of $256.04 million, a price-to-earnings ratio of 7.16 and a beta of 0.95. The stock has a fifty day moving average price of $32.58 and a two-hundred day moving average price of $33.15. FS Bancorp has a 52-week low of $27.32 and a 52-week high of $38.70.

FS Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.17%. FS Bancorp’s payout ratio is currently 22.71%.

Institutional Investors Weigh In On FS Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of FSBW. Pacific Ridge Capital Partners LLC grew its holdings in FS Bancorp by 3.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank’s stock worth $7,986,000 after acquiring an additional 9,716 shares during the period. Panagora Asset Management Inc. lifted its stake in FS Bancorp by 69.7% in the third quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock valued at $440,000 after buying an additional 6,121 shares during the period. SG Americas Securities LLC bought a new position in FS Bancorp during the fourth quarter worth about $119,000. BNP Paribas Financial Markets boosted its holdings in FS Bancorp by 45.2% during the fourth quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock worth $374,000 after buying an additional 3,152 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of FS Bancorp by 0.9% during the 4th quarter. TCW Group Inc. now owns 284,519 shares of the bank’s stock worth $10,516,000 after buying an additional 2,540 shares during the period. 63.88% of the stock is owned by institutional investors.

About FS Bancorp

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.