Stock Rating Upgrade
The Value Trend Rating for FS Bancorp Inc (NASDAQ: FSBW) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
FS Bancorp Inc (NASDAQ: FSBW) stock closed at $43.10 on 7/29/24 after a modest decline of -1.2%. NORMAL trading volume accompanied the decline. The stock has risen 7.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FSBW is expected to continue to be a modest Value Builder.
FS Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. FS Bancorp has a neutral Power Rating of 53 but a good Appreciation Score of 74, triggering the Positive Value Trend Rating.
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