ValuEngine downgraded shares of FS Bancorp (NASDAQ:FSBW) from a strong-buy rating to a buy rating in a research report report published on Friday.

Several other analysts have also recently commented on the company. Zacks Investment Research raised FS Bancorp from a hold rating to a buy rating and set a $60.00 target price for the company in a research report on Tuesday, November 7th. DA Davidson began coverage on FS Bancorp in a research report on Tuesday, September 12th. They issued a neutral rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $49.75.

Shares of FS Bancorp (NASDAQ FSBW) opened at $57.50 on Friday. The company has a market capitalization of $209.03, a price-to-earnings ratio of 13.57, a PEG ratio of 1.35 and a beta of 0.49. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. FS Bancorp has a 12-month low of $33.86 and a 12-month high of $57.93.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.44 dividend on an annualized basis and a yield of 0.77%. FS Bancorp’s payout ratio is 10.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stilwell Value LLC boosted its position in FS Bancorp by 4,277.0% during the second quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock valued at $5,252,000 after purchasing an additional 5,132,400 shares during the last quarter. EJF Capital LLC acquired a new stake in FS Bancorp during the third quarter valued at $3,616,000. Maltese Capital Management LLC acquired a new stake in FS Bancorp during the third quarter valued at $3,616,000. Vanguard Group Inc. boosted its position in FS Bancorp by 4.6% during the second quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock valued at $2,932,000 after purchasing an additional 2,894 shares during the last quarter. Finally, Northpointe Capital LLC acquired a new stake in FS Bancorp during the third quarter valued at $2,628,000. 42.71% of the stock is owned by hedge funds and other institutional investors.

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FS Bancorp Company Profile

FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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