State Street Corp Has $5.07 Million Stock Position in FS Bancorp, Inc. (NASDAQ:FSBW)

State Street Corp increased its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 113,851 shares of the bank’s stock after acquiring an additional 5,313 shares during the period. State Street Corp’s holdings in FS Bancorp were worth $5,065,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Copeland Capital Management LLC bought a new stake in shares of FS Bancorp during the 3rd quarter worth approximately $62,000. SG Americas Securities LLC acquired a new position in FS Bancorp during the third quarter worth $103,000. Advisors Asset Management Inc. raised its position in FS Bancorp by 165.1% during the third quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock worth $184,000 after acquiring an additional 2,582 shares in the last quarter. Rhumbline Advisers lifted its stake in FS Bancorp by 4.4% in the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock valued at $372,000 after acquiring an additional 434 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of FS Bancorp by 92.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock valued at $631,000 after acquiring an additional 6,823 shares during the period. 63.88% of the stock is owned by institutional investors and hedge funds.

FS Bancorp Stock Performance

FSBW opened at $41.02 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. The stock has a market cap of $320.65 million, a price-to-earnings ratio of 8.71 and a beta of 0.94. FS Bancorp, Inc. has a 12-month low of $30.64 and a 12-month high of $49.15. The business has a 50 day moving average of $45.22 and a 200-day moving average of $42.29.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. FS Bancorp had a net margin of 18.28% and a return on equity of 13.42%. The firm had revenue of $53.01 million during the quarter, compared to analysts’ expectations of $37.10 million. On average, equities research analysts expect that FS Bancorp, Inc. will post 4.52 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.27 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.08 dividend on an annualized basis and a yield of 2.63%. FS Bancorp’s dividend payout ratio (DPR) is currently 22.93%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

About FS Bancorp

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.