FS Bancorp (FSBW) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of FS Bancorp (NASDAQ:FSBW) from a hold rating to a sell rating in a report released on Thursday morning, Zacks.com reports.

According to Zacks, “FS Bancorp, Inc. is a holding company of 1st Security Bank of Washington that delivers banking and financial services to local families, local and regional businesses and industry niches within distinct Puget Sound area communities. It originates home improvement loans, commercial real estate mortgage loans, commercial business loans, and second mortgage/home equity loan products, consumer loans, including home improvement loans. The company also offers various lending products, such as commercial real estate, commercial business, and residential construction lending. FS Bancorp, Inc. is headquartered in Mountlake Terrace, Washington. “

Separately, ValuEngine downgraded FS Bancorp from a hold rating to a sell rating in a research report on Monday, March 11th.

Shares of FS Bancorp stock opened at $48.26 on Thursday. FS Bancorp has a 52 week low of $41.25 and a 52 week high of $66.40. The stock has a market capitalization of $216.78 million, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.09). FS Bancorp had a net margin of 25.72% and a return on equity of 12.15%. The business had revenue of $22.24 million during the quarter, compared to analysts’ expectations of $22.36 million. On average, equities research analysts anticipate that FS Bancorp will post 5.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. FS Bancorp’s dividend payout ratio (DPR) is 12.85%.

Several hedge funds have recently modified their holdings of FSBW. Context BH Capital Management LP increased its holdings in shares of FS Bancorp by 137.5% in the fourth quarter. Context BH Capital Management LP now owns 144,482 shares of the bank’s stock worth $6,195,000 after purchasing an additional 83,644 shares during the last quarter. Stilwell Value LLC increased its holdings in shares of FS Bancorp by 81.6% in the fourth quarter. Stilwell Value LLC now owns 158,170 shares of the bank’s stock worth $6,782,000 after purchasing an additional 71,070 shares during the last quarter. BlackRock Inc. increased its holdings in shares of FS Bancorp by 20.3% in the fourth quarter. BlackRock Inc. now owns 195,350 shares of the bank’s stock worth $8,375,000 after purchasing an additional 32,949 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of FS Bancorp by 20.4% in the third quarter. Vanguard Group Inc now owns 187,059 shares of the bank’s stock worth $10,423,000 after purchasing an additional 31,724 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of FS Bancorp by 20.4% in the third quarter. Vanguard Group Inc. now owns 187,059 shares of the bank’s stock worth $10,423,000 after purchasing an additional 31,724 shares during the last quarter. 56.04% of the stock is currently owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

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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