FS Bancorp (NASDAQ:FSBW) Upgraded to Buy at StockNews.com

Posted by on Jun 14th, 2023

FS Bancorp (NASDAQ:FSBW – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

FS Bancorp Trading Up 1.3 %

Shares of FS Bancorp stock opened at $30.90 on Wednesday. FS Bancorp has a 52-week low of $26.08 and a 52-week high of $37.39. The stock’s 50-day simple moving average is $29.16 and its 200 day simple moving average is $32.07. The stock has a market capitalization of $239.17 million, a P/E ratio of 7.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 0.98.

Insider Activity at FS Bancorp

In related news, insider Robert B. Fuller sold 5,040 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $28.54, for a total value of $143,841.60. Following the sale, the insider now directly owns 8,080 shares in the company, valued at approximately $230,603.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FS Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of FS Bancorp by 1.0% in the fourth quarter. American Century Companies Inc. now owns 49,177 shares of the bank’s stock worth $1,644,000 after buying an additional 477 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of FS Bancorp by 6.2% in the third quarter. Royal Bank of Canada now owns 8,492 shares of the bank’s stock worth $232,000 after buying an additional 492 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FS Bancorp by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,387 shares of the bank’s stock worth $601,000 after buying an additional 563 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FS Bancorp by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 52,688 shares of the bank’s stock worth $1,436,000 after buying an additional 584 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of FS Bancorp by 103.2% in the first quarter. UBS Group AG now owns 1,443 shares of the bank’s stock worth $43,000 after buying an additional 733 shares in the last quarter. 53.53% of the stock is owned by hedge funds and other institutional investors.

About FS Bancorp

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FS Bancorp, Inc operates as a bank holding company, which engages in the provision of banking and financial services through its subsidiary. It operates through the Commercial and Consumer Banking, and Home Lending 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 (ATM), online banking platforms, mobile banking apps, and telephone banking.

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