Royce & Associates LP Has $4.13 Million Position in FS Bancorp, Inc. $FSBW

Royce & Associates LP boosted its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 35.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,348 shares of the bank’s stock after acquiring an additional 26,840 shares during the period. Royce & Associates LP’s holdings in FS Bancorp were worth $4,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. CWM LLC grew its holdings in shares of FS Bancorp by 135.0% during the 3rd quarter. CWM LLC now owns 1,060 shares of the bank’s stock worth $42,000 after purchasing an additional 609 shares in the last quarter. Root Financial Partners LLC bought a new stake in FS Bancorp during the third quarter worth about $49,000. Tower Research Capital LLC TRC lifted its position in FS Bancorp by 489.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after purchasing an additional 1,644 shares during the period. Marshall Wace LLP acquired a new stake in FS Bancorp during the second quarter worth about $262,000. Finally, Advisors Asset Management Inc. increased its holdings in FS Bancorp by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 8,816 shares of the bank’s stock valued at $347,000 after buying an additional 291 shares during the period. 63.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FSBW. DA Davidson upped their price target on shares of FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Weiss Ratings restated a “buy (b-)” rating on shares of FS Bancorp in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

FS Bancorp Trading Down 1.9%

FSBW opened at $39.80 on Friday. The company has a market cap of $299.30 million, a P/E ratio of 9.30 and a beta of 0.71. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $41.50 and its 200-day moving average is $40.88. FS Bancorp, Inc. has a 1-year low of $34.61 and a 1-year high of $44.22.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). The company had revenue of $40.01 million for the quarter, compared to analyst estimates of $38.20 million. FS Bancorp had a return on equity of 11.16% and a net margin of 15.19%. Equities research analysts predict that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 6th. FS Bancorp’s dividend payout ratio (DPR) is currently 27.10%.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.