Pacific Ridge Capital Partners LLC lifted its position in FS Bancorp Inc (NASDAQ:FSBW) by 41.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,464 shares of the bank’s stock after purchasing an additional 22,010 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 2.03% of FS Bancorp worth $4,205,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of FS Bancorp by 95.1% in the second quarter. Renaissance Technologies LLC now owns 124,694 shares of the bank’s stock worth $7,887,000 after purchasing an additional 60,794 shares during the last quarter. BlackRock Inc. raised its position in FS Bancorp by 538.9% during the second quarter. BlackRock Inc. now owns 193,733 shares of the bank’s stock valued at $12,252,000 after acquiring an additional 163,411 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in FS Bancorp by 45.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 68,297 shares of the bank’s stock valued at $3,806,000 after acquiring an additional 21,405 shares in the last quarter. Bank of America Corp DE raised its position in FS Bancorp by 814.0% during the second quarter. Bank of America Corp DE now owns 15,163 shares of the bank’s stock valued at $959,000 after acquiring an additional 13,504 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in FS Bancorp by 80.9% during the second quarter. Bank of New York Mellon Corp now owns 21,038 shares of the bank’s stock valued at $1,331,000 after acquiring an additional 9,408 shares in the last quarter. Hedge funds and other institutional investors own 59.89% of the company’s stock.

Several research analysts recently weighed in on FSBW shares. Raymond James reiterated a “buy” rating and set a $60.00 price target on shares of FS Bancorp in a research report on Friday, November 23rd. Zacks Investment Research upgraded FS Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, ValuEngine cut FS Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th.

FSBW stock traded down $0.17 during trading on Friday, hitting $44.50. 728 shares of the company traded hands, compared to its average volume of 16,566. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.72. The stock has a market cap of $173.36 million, a P/E ratio of 10.67, a P/E/G ratio of 1.45 and a beta of 0.79. FS Bancorp Inc has a 1 year low of $42.02 and a 1 year high of $66.40.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.04). The company had revenue of $17.66 million for the quarter, compared to analysts’ expectations of $17.96 million. FS Bancorp had a net margin of 21.47% and a return on equity of 12.76%. On average, research analysts predict that FS Bancorp Inc will post 4.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Thursday, November 8th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Wednesday, November 7th. FS Bancorp’s dividend payout ratio (DPR) is presently 13.43%.

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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 deposits.

Featured Article: Coverage Ratio

Institutional Ownership by Quarter for FS Bancorp (NASDAQ:FSBW)

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