HighTower Advisors LLC Acquires 597 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

HighTower Advisors LLC increased its holdings in FS Bancorp, Inc. (NASDAQ:FSBW) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,076 shares of the bank’s stock after acquiring an additional 597 shares during the quarter. HighTower Advisors LLC’s holdings in FS Bancorp were worth $1,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FSBW. Copeland Capital Management LLC bought a new position in shares of FS Bancorp in the 3rd quarter worth about $62,000. SG Americas Securities LLC bought a new stake in FS Bancorp during the 3rd quarter valued at about $103,000. Advisors Asset Management Inc. increased its stake in FS Bancorp by 165.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock valued at $184,000 after purchasing an additional 2,582 shares in the last quarter. Rhumbline Advisers increased its stake in FS Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock valued at $372,000 after purchasing an additional 434 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in FS Bancorp by 92.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock valued at $631,000 after purchasing an additional 6,823 shares in the last quarter. 63.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

FS Bancorp Stock Down 0.4 %

NASDAQ:FSBW opened at $45.40 on Tuesday. The firm has a 50-day simple moving average of $45.47 and a two-hundred day simple moving average of $41.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06. The firm has a market cap of $354.89 million, a P/E ratio of 9.64 and a beta of 0.94. FS Bancorp, Inc. has a fifty-two week low of $30.64 and a fifty-two week high of $49.15.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results 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 analyst estimates of $37.10 million. Analysts predict that FS Bancorp, Inc. will post 4.52 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders 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 dividend yield of 2.38%. FS Bancorp’s dividend payout ratio is presently 22.93%.

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.