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

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday, November 7th. DA Davidson initiated coverage on FS Bancorp in a research note on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. FS Bancorp presently has a consensus rating of “Buy” and a consensus target price of $49.75.

Shares of FS Bancorp (NASDAQ:FSBW) opened at $56.88 on Friday. FS Bancorp has a one year low of $33.86 and a one year high of $57.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 1.04. The firm has a market capitalization of $208.15, a PE ratio of 13.52, a PEG ratio of 1.34 and a beta of 0.47.

Several institutional investors and hedge funds have recently bought and sold shares of FSBW. JPMorgan Chase & Co. purchased a new stake in shares of FS Bancorp during the 2nd quarter worth about $156,000. Dimensional Fund Advisors LP purchased a new stake in shares of FS Bancorp during the 2nd quarter worth about $266,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of FS Bancorp by 0.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after purchasing an additional 30 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of FS Bancorp in the 3rd quarter valued at approximately $334,000. Finally, Janus Henderson Group PLC bought a new position in shares of FS Bancorp in the 2nd quarter valued at approximately $338,000. 42.71% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “FS Bancorp (FSBW) Cut to “Buy” at ValuEngine” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/fs-bancorp-fsbw-cut-to-buy-at-valuengine/1738221.html.

About FS Bancorp

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.

Receive News & Ratings for FS Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.