FS Bancorp (NASDAQ:FSBW) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of FS Bancorp (NASDAQ:FSBW) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Brean Capital cut shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Monday. DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.00.

FS Bancorp Stock Down 0.0%

Shares of FSBW opened at $43.65 on Tuesday. The firm has a market cap of $236.14 million, a P/E ratio of 10.06 and a beta of 0.65. FS Bancorp has a 12 month low of $36.66 and a 12 month high of $45.85. The stock’s 50 day moving average is $42.42 and its two-hundred day moving average is $41.24. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%.The firm had revenue of $5.24 million for the quarter, compared to analyst estimates of $38.00 million. Analysts predict that FS Bancorp will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, August 7th. FS Bancorp’s payout ratio is presently 26.73%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in FS Bancorp by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock valued at $17,224,000 after purchasing an additional 1,727 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FS Bancorp by 0.5% during the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock worth $6,434,000 after buying an additional 826 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of FS Bancorp by 2.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock worth $3,429,000 after buying an additional 1,731 shares in the last quarter. Siena Capital Partners GP LLC raised its position in shares of FS Bancorp by 156.1% in the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock valued at $2,159,000 after buying an additional 31,965 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of FS Bancorp by 4.5% in the fourth quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock valued at $1,640,000 after buying an additional 1,731 shares during the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.