Spark Investment Management LLC Cuts Holdings in FS Bancorp Inc (FSBW)
Spark Investment Management LLC lowered its position in shares of FS Bancorp Inc (NASDAQ:FSBW) by 24.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,100 shares of the bank’s stock after selling 3,500 shares during the quarter. Spark Investment Management LLC’s holdings in FS Bancorp were worth $605,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FSBW. Maltese Capital Management LLC acquired a new stake in FS Bancorp during the third quarter valued at approximately $3,616,000. EJF Capital LLC bought a new position in shares of FS Bancorp during the third quarter valued at approximately $3,616,000. Acadian Asset Management LLC grew its holdings in shares of FS Bancorp by 48.8% during the fourth quarter. Acadian Asset Management LLC now owns 50,218 shares of the bank’s stock valued at $2,741,000 after purchasing an additional 16,472 shares during the last quarter. Stifel Financial Corp bought a new position in shares of FS Bancorp during the third quarter valued at approximately $620,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of FS Bancorp by 163.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,714 shares of the bank’s stock valued at $1,021,000 after purchasing an additional 11,614 shares during the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.
In related news, Chairman Ted A. Leech sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $54.47, for a total value of $272,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Tueffers sold 2,400 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $56.25, for a total value of $135,000.00. Following the completion of the transaction, the director now directly owns 200 shares of the company’s stock, valued at $11,250. The disclosure for this sale can be found here. 13.19% of the stock is currently owned by corporate insiders.
FS Bancorp Inc (NASDAQ:FSBW) opened at $54.40 on Monday. The company has a market capitalization of $200.20, a P/E ratio of 12.95, a PEG ratio of 1.17 and a beta of 0.50. FS Bancorp Inc has a fifty-two week low of $35.80 and a fifty-two week high of $59.81. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17.
FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Thursday, January 25th. The bank reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.05). The company had revenue of $16.56 million for the quarter, compared to the consensus estimate of $17.14 million. FS Bancorp had a net margin of 20.05% and a return on equity of 14.11%. sell-side analysts predict that FS Bancorp Inc will post 4.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Tuesday, February 6th. FS Bancorp’s dividend payout ratio (DPR) is presently 10.21%.
COPYRIGHT VIOLATION NOTICE: “Spark Investment Management LLC Cuts Holdings in FS Bancorp Inc (FSBW)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/spark-investment-management-llc-cuts-holdings-in-fs-bancorp-inc-fsbw/1909970.html.
FS Bancorp 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.
Want to see what other hedge funds are holding FSBW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Bancorp Inc (NASDAQ:FSBW).
Receive News & Ratings for FS Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.