FS Bancorp, Inc. (NASDAQ:FSBW) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 5.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 34,519 shares of the bank’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.45% of FS Bancorp worth $1,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new stake in shares of FS Bancorp in the third quarter valued at about $62,000. Lazard Asset Management LLC raised its holdings in FS Bancorp by 64.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock valued at $79,000 after acquiring an additional 897 shares during the last quarter. SG Americas Securities LLC purchased a new position in FS Bancorp in the 3rd quarter worth approximately $103,000. O Shaughnessy Asset Management LLC lifted its stake in FS Bancorp by 4.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock worth $268,000 after purchasing an additional 320 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of FS Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after purchasing an additional 434 shares during the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on FSBW. DA Davidson lifted their target price on shares of FS Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. StockNews.com cut FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

FS Bancorp Stock Up 0.3 %

Shares of NASDAQ FSBW opened at $46.11 on Friday. The stock has a market cap of $360.58 million, a P/E ratio of 9.79 and a beta of 0.93. The business’s fifty day simple moving average is $44.70 and its 200-day simple moving average is $40.05. FS Bancorp, Inc. has a 12-month low of $29.70 and a 12-month high of $49.15. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. The business had revenue of $53.01 million for the quarter, compared to the consensus estimate of $37.10 million. As a group, equities analysts predict that FS Bancorp, Inc. will post 4.52 EPS for the current fiscal year.

FS Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 7th. FS Bancorp’s dividend payout ratio (DPR) is presently 22.93%.

FS Bancorp Profile

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.