LSV Asset Management Buys 900 Shares of FS Bancorp, Inc. (FSBW)
LSV Asset Management lifted its stake in FS Bancorp, Inc. (NASDAQ:FSBW) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,512 shares of the bank’s stock after purchasing an additional 900 shares during the quarter. LSV Asset Management owned about 0.60% of FS Bancorp worth $781,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of FS Bancorp in the 2nd quarter worth approximately $156,000. Beese Fulmer Investment Management Inc. purchased a new position in shares of FS Bancorp in the 2nd quarter worth approximately $224,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of FS Bancorp by 0.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after purchasing an additional 30 shares during the period. Spark Investment Management LLC boosted its holdings in shares of FS Bancorp by 35.2% in the 2nd quarter. Spark Investment Management LLC now owns 14,600 shares of the bank’s stock worth $639,000 after purchasing an additional 3,800 shares during the period. Finally, Seizert Capital Partners LLC boosted its holdings in shares of FS Bancorp by 4.9% in the 2nd quarter. Seizert Capital Partners LLC now owns 16,855 shares of the bank’s stock worth $757,000 after purchasing an additional 789 shares during the period. Hedge funds and other institutional investors own 29.50% of the company’s stock.
FSBW has been the subject of a number of recent research reports. DA Davidson initiated coverage on FS Bancorp in a report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 target price for the company. ValuEngine raised FS Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised FS Bancorp from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.75.
In related news, CEO Joseph C. Adams sold 4,446 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total value of $199,180.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.19% of the company’s stock.
Shares of FS Bancorp, Inc. (NASDAQ:FSBW) opened at 49.7103 on Friday. The company has a market capitalization of $145.20 million, a price-to-earnings ratio of 11.6527 and a beta of 0.41. FS Bancorp, Inc. has a 52 week low of $27.80 and a 52 week high of $51.72. The company’s 50 day moving average price is $47.90 and its 200-day moving average price is $43.29.
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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