FS Bancorp (NASDAQ: FSBW) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a research report released Monday to clients and investors, Zacks.com reports.
According to Zacks, “FS Bancorp, Inc. is a holding company of the 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industrial niches within the distinct communities of the Puget area. Sound. commercial real estate mortgages, commercial business loans and second mortgage / home equity products, consumer loans including home improvement loans. The company also offers various loan products, such as commercial real estate loans, commercial enterprises and home construction loans. FS Bancorp, Inc. is headquartered in Mountlake Terrace, Washington. “
FS Bancorp shares traded up $ 0.01 on Monday, reaching $ 33.64. 8,880 shares of the company traded hands, compared to its average volume of 23,640. The company has a 50-day moving average price of $ 34.04 and a 200-day moving average price of $ 32.12. The company has a rapid ratio of 0.93, a current ratio of 0.99, and a debt ratio of 0.38. FS Bancorp has a 12 month low of $ 26.40 and a 12 month high of $ 36.85. The company has a market cap of $ 275.41 million, a PE ratio of 7.33 and a beta of 1.21.
FS Bancorp (NASDAQ: FSBW) last released its quarterly results on Wednesday, October 27. The bank announced EPS of $ 0.97 for the quarter, beating the consensus estimate of $ 0.89 by $ 0.08. FS Bancorp had a net margin of 28.88% and a return on equity of 16.85%. The company posted revenue of $ 31.05 million for the quarter, compared to analysts’ expectations of $ 29.25 million. Equity research analysts predict that FS Bancorp will post an EPS of 4.14 for the current year.
Separately, insider Dennis V. O’leary sold 5,000 shares of the company in a trade on Tuesday, November 23. The shares were sold for an average price of $ 35.21, for a total value of $ 176,050.00. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available through this link. In addition, insider Dennis V. O’leary sold 5,220 shares of the company in a trade on Thursday, November 11. The stock was sold for an average price of $ 35.48, for a total trade of $ 185,205.60. Disclosure of this sale can be found here. Insiders sold 15,320 shares of the company valued at $ 543,071 during the last quarter. 11.26% of the shares are currently held by insiders.
A number of institutional investors have recently increased or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its stake in FS Bancorp by 7.0% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 33,810 shares of the bank valued at $ 2,410,000 after purchasing an additional 2,200 shares in the last quarter. Millennium Management LLC increased its stake in FS Bancorp by 122.7% in the second quarter. Millennium Management LLC now owns 9,257 shares of the bank valued at $ 660,000 after purchasing an additional 5,101 shares during the period. Stilwell Value LLC increased its holdings in FS Bancorp by 100.0% in the third quarter. Stilwell Value LLC now owns 135,000 shares of the bank valued at $ 4,672,000 after purchasing an additional 67,500 shares during the period. Aristides Capital LLC acquired a new stake in FS Bancorp in the second quarter valued at $ 402,000. Finally, Eidelman Virant Capital increased its stake in FS Bancorp by 122.7% in the third quarter. Eidelman Virant Capital now owns 38,970 shares of the bank valued at $ 1,376,000 after purchasing an additional 21,470 shares during the period. 31.67% of the shares are held by hedge funds and other institutional investors.
Company profile FS Bancorp
FS Bancorp, Inc. operates as a banking holding company, which provides banking and financial services through its subsidiary. It operates through the commercial and personal banking and mortgage segments. The Commercial and Consumer Banking segment focuses on diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ABMs), online banking platforms, mobile banking applications and telephone banking services.
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