ValuEngine Downgrades FS Bancorp (FSBW) to Buy

FS Bancorp (NASDAQ:FSBW) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, November 7th. DA Davidson began coverage on shares of FS Bancorp in a research note on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.75.

Shares of FS Bancorp (NASDAQ:FSBW) traded down $0.12 during trading on Friday, reaching $56.88. 3,813 shares of the company’s stock traded hands, compared to its average volume of 9,616. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96. The company has a market capitalization of $209.03, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. FS Bancorp has a 1 year low of $33.86 and a 1 year high of $57.93.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stilwell Value LLC boosted its stake in FS Bancorp by 4,277.0% in the second quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock valued at $5,252,000 after acquiring an additional 5,132,400 shares during the last quarter. EJF Capital LLC bought a new position in FS Bancorp in the third quarter valued at approximately $3,616,000. Maltese Capital Management LLC bought a new position in FS Bancorp in the third quarter valued at approximately $3,616,000. Northpointe Capital LLC bought a new position in FS Bancorp in the third quarter valued at approximately $2,628,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in FS Bancorp in the third quarter valued at approximately $2,422,000. 42.71% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “ValuEngine Downgrades FS Bancorp (FSBW) to Buy” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/03/valuengine-downgrades-fs-bancorp-fsbw-to-buy.html.

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.

What are top analysts saying about FS Bancorp Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FS Bancorp Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit