FS Bancorp (NASDAQ:FSBW) Stock Rating Lowered by Zacks Research

FS Bancorp (NASDAQ:FSBW) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

Other research analysts also recently issued reports about the company. DA Davidson reaffirmed a “neutral” rating and set a $45.00 price target on shares of FS Bancorp in a report on Wednesday, July 22nd. Brean Capital downgraded FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of FS Bancorp in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.00.

FS Bancorp Price Performance

Shares of NASDAQ FSBW opened at $43.10 on Tuesday. FS Bancorp has a twelve month low of $36.66 and a twelve month high of $45.85. The firm has a market cap of $339.63 million, a P/E ratio of 11.37 and a beta of 0.70. The company has a 50 day moving average of $43.99 and a 200 day moving average of $42.08. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.26.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.48). FS Bancorp had a net margin of 12.81% and a return on equity of 9.25%. The business had revenue of $41.86 million during the quarter, compared to the consensus estimate of $40.70 million. As a group, research analysts expect that FS Bancorp will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling

In other FS Bancorp news, EVP Ben Crowl sold 5,399 shares of FS Bancorp stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $43.78, for a total value of $236,368.22. Following the completion of the sale, the executive vice president owned 17 shares of the company’s stock, valued at approximately $744.26. The trade was a 99.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Donn Costa sold 1,000 shares of FS Bancorp stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.69, for a total transaction of $44,690.00. Following the completion of the sale, the executive vice president directly owned 75,172 shares of the company’s stock, valued at approximately $3,359,436.68. This trade represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,074 shares of company stock worth $395,859. 12.90% of the stock is owned by insiders.

Institutional Trading of FS Bancorp

Several large investors have recently modified their holdings of FSBW. BlackRock Inc. purchased a new stake in FS Bancorp during the second quarter valued at $21,213,000. De Lisle Partners LLP purchased a new position in FS Bancorp in the second quarter worth about $16,956,000. Advisors Asset Management Inc. purchased a new position in shares of FS Bancorp in the third quarter worth approximately $11,338,000. Bank of New York Mellon Corp bought a new stake in shares of FS Bancorp during the 2nd quarter valued at $2,150,000. Finally, Empowered Funds LLC bought a new stake in FS Bancorp during the second quarter valued at about $1,793,000. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

FS Bancorp, Inc. is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. The bank serves individuals, families, and businesses, with a focus on communities in Washington and the Pacific Northwest. Through its community banking operations, 1st Security Bank offers deposit accounts, commercial and residential real estate loans, and financing for small and midsize businesses. Its services also include mortgage banking and consumer lending, including loans for home improvement and other consumer purchases.