FS Bancorp, Inc. (NASDAQ:FSBW) Shares Bought 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, HoldingsChannel reports. The firm owned 34,519 shares of the bank’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC’s holdings in FS Bancorp were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FSBW. Copeland Capital Management LLC bought a new stake in FS Bancorp during the 3rd quarter valued at $62,000. Lazard Asset Management LLC boosted its holdings in FS Bancorp by 64.5% during the first quarter. Lazard Asset Management LLC now owns 2,288 shares of the bank’s stock worth $79,000 after buying an additional 897 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of FS Bancorp in the 3rd quarter worth $103,000. O Shaughnessy Asset Management LLC raised its holdings in FS Bancorp by 4.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,734 shares of the bank’s stock worth $268,000 after buying an additional 320 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of FS Bancorp by 4.4% during 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 period. Institutional investors own 63.88% of the company’s stock.

FS Bancorp Stock Performance

Shares of NASDAQ FSBW opened at $46.11 on Friday. FS Bancorp, Inc. has a 12 month low of $29.70 and a 12 month high of $49.15. The company has a market cap of $360.58 million, a P/E ratio of 9.79 and a beta of 0.93. The business’s 50 day moving average is $44.70 and its two-hundred day moving average is $40.05. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

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

FS Bancorp Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their target price on FS Bancorp from $34.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th.

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.