Vanguard Group Inc. Has $2.93 Million Position in FS Bancorp Inc (FSBW)
Vanguard Group Inc. lifted its stake in shares of FS Bancorp Inc (NASDAQ:FSBW) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,698 shares of the bank’s stock after buying an additional 2,894 shares during the period. Vanguard Group Inc. owned about 2.25% of FS Bancorp worth $2,932,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of FS Bancorp by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock valued at $271,000 after buying an additional 30 shares during the last quarter. Seizert Capital Partners LLC boosted its position in shares of FS Bancorp by 4.9% during the second quarter. Seizert Capital Partners LLC now owns 16,855 shares of the bank’s stock valued at $757,000 after buying an additional 789 shares during the last quarter. LSV Asset Management boosted its position in shares of FS Bancorp by 5.4% during the second quarter. LSV Asset Management now owns 17,512 shares of the bank’s stock valued at $781,000 after buying an additional 900 shares during the last quarter. Context BH Capital Management LP boosted its position in shares of FS Bancorp by 8.5% during the second quarter. Context BH Capital Management LP now owns 42,343 shares of the bank’s stock valued at $1,853,000 after buying an additional 3,322 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of FS Bancorp during the second quarter valued at approximately $156,000. 42.71% of the stock is currently owned by institutional investors.
FS Bancorp Inc (NASDAQ FSBW) opened at $57.87 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96. FS Bancorp Inc has a 1 year low of $33.86 and a 1 year high of $58.00. The firm has a market capitalization of $211.31, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.36 and a beta of 0.49.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were given a $0.11 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.44 annualized dividend and a yield of 0.76%. FS Bancorp’s dividend payout ratio is currently 10.50%.
FSBW has been the topic of several research analyst reports. ValuEngine cut FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, November 7th. Finally, DA Davidson initiated coverage on FS Bancorp in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $49.75.
FS Bancorp Company Profile
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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