FS Bancorp, Inc. (NASDAQ:FSBW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “FS Bancorp, Inc. is a holding company of 1st Security Bank of Washington that delivers banking and financial services to local families, local and regional businesses and industry niches within distinct Puget Sound area communities. It originates home improvement loans, commercial real estate mortgage loans, commercial business loans, and second mortgage/home equity loan products, consumer loans, including home improvement loans. The company also offers various lending products, such as commercial real estate, commercial business, and residential construction lending. FS Bancorp, Inc. is headquartered in Mountlake Terrace, Washington. “

Separately, DA Davidson initiated coverage on shares of FS Bancorp in a report on Tuesday, September 12th. They set a “neutral” rating and a $52.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.75.

FS Bancorp (NASDAQ FSBW) traded down 1.58% on Tuesday, hitting $50.37. 78,682 shares of the company’s stock traded hands. The stock has a market cap of $147.13 million, a PE ratio of 11.81 and a beta of 0.42. The stock has a 50-day moving average of $49.65 and a 200-day moving average of $44.38. FS Bancorp has a one year low of $27.80 and a one year high of $53.44.

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In other FS Bancorp news, CEO Joseph C. Adams sold 4,446 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total transaction of $199,180.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.19% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSBW. JPMorgan Chase & Co. acquired a new stake in shares of FS Bancorp in the second quarter worth approximately $156,000. Beese Fulmer Investment Management Inc. purchased a new stake in shares of FS Bancorp during the second quarter worth approximately $224,000. Dimensional Fund Advisors LP purchased a new stake in shares of FS Bancorp during the second quarter worth approximately $266,000. Cambridge Investment Research Advisors Inc. increased its position in shares of FS Bancorp by 0.5% during the second 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. Finally, Janus Henderson Group PLC purchased a new stake in shares of FS Bancorp during the second quarter worth approximately $338,000. Institutional investors and hedge funds own 29.50% of the company’s stock.

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.

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