Emerald Mutual Fund Advisers Trust bought a new position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,892 shares of the bank’s stock, valued at approximately $2,422,000. Emerald Mutual Fund Advisers Trust owned about 1.61% of FS Bancorp at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northpointe Capital LLC bought a new position in FS Bancorp during the third quarter worth $2,628,000. Stilwell Value LLC boosted its position in FS Bancorp by 4,277.0% during the second quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock worth $5,252,000 after purchasing an additional 5,132,400 shares during the period. ZPR Investment Management boosted its position in FS Bancorp by 34.0% during the second quarter. ZPR Investment Management now owns 14,777 shares of the bank’s stock worth $660,000 after purchasing an additional 3,749 shares during the period. Janus Henderson Group PLC bought a new position in FS Bancorp during the second quarter worth $338,000. Finally, Dimensional Fund Advisors LP bought a new position in FS Bancorp during the second quarter worth $266,000. Institutional investors and hedge funds own 31.59% of the company’s stock.
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A number of brokerages have recently issued reports on FSBW. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, November 7th. DA Davidson began coverage on shares of FS Bancorp in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 target price for the company. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.75.
FS Bancorp, Inc. (NASDAQ FSBW) traded up $1.10 on Monday, reaching $56.62. 13,800 shares of the company traded hands, compared to its average volume of 9,812. FS Bancorp, Inc. has a 1-year low of $30.50 and a 1-year high of $57.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.02 and a quick ratio of 0.95. The company has a market capitalization of $208.07, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.34 and a beta of 0.47.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, November 8th. FS Bancorp’s payout ratio is 10.50%.
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.
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