FS Bancorp, Inc. (NASDAQ:FSBW) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $54.59 and last traded at $54.88, with a volume of 14,752 shares traded. The stock had previously closed at $53.79.

The newly announced dividend which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 8th. FS Bancorp’s dividend payout ratio is currently 10.50%.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded FS Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. DA Davidson assumed coverage on FS Bancorp in a report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 price target for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.75.

The company has a 50-day moving average price of $51.82 and a 200-day moving average price of $46.60. The stock has a market cap of $158.55 million, a P/E ratio of 12.72 and a beta of 0.42.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in FS Bancorp during the second quarter worth about $156,000. Beese Fulmer Investment Management Inc. acquired a new stake in FS Bancorp during the second quarter worth about $224,000. Dimensional Fund Advisors LP acquired a new stake in FS Bancorp during the second quarter worth about $266,000. Cambridge Investment Research Advisors Inc. grew its position in FS Bancorp by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after buying an additional 30 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in FS Bancorp during the third quarter worth about $356,000. 31.27% of the stock is currently owned by institutional investors and hedge funds.

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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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