Wedbush Securities Inc. decreased its position in shares of FS Bancorp Inc (NASDAQ:FSBW) by 54.9% during the 4th quarter, HoldingsChannel reports. The fund owned 6,700 shares of the bank’s stock after selling 8,153 shares during the period. Wedbush Securities Inc.’s holdings in FS Bancorp were worth $366,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FSBW. Bank of Montreal Can bought a new position in FS Bancorp in the 4th quarter valued at approximately $122,000. Wells Fargo & Company MN lifted its stake in FS Bancorp by 228.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,753 shares of the bank’s stock valued at $150,000 after purchasing an additional 1,915 shares during the last quarter. JPMorgan Chase & Co. bought a new position in FS Bancorp in the 2nd quarter valued at approximately $156,000. First Trust Advisors LP bought a new position in FS Bancorp in the 4th quarter valued at approximately $242,000. Finally, Dimensional Fund Advisors LP bought a new position in FS Bancorp in the 2nd quarter valued at approximately $266,000. Institutional investors and hedge funds own 47.62% of the company’s stock.
Several brokerages recently commented on FSBW. Zacks Investment Research raised shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Thursday, February 1st. ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.75.
In other news, Director Mark Tueffers sold 2,400 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $56.25, for a total transaction of $135,000.00. Following the completion of the transaction, the director now owns 200 shares of the company’s stock, valued at $11,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.19% of the stock is currently owned by company insiders.
FS Bancorp Inc (NASDAQ:FSBW) opened at $54.72 on Friday. The company has a market cap of $202.00, a P/E ratio of 12.70, a P/E/G ratio of 1.18 and a beta of 0.45. 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 52 week low of $35.80 and a 52 week high of $59.81.
FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data 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 during 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%. equities analysts expect that FS Bancorp Inc will post 4.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, February 6th. FS Bancorp’s payout ratio is currently 10.21%.
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About FS Bancorp
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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