M3F Inc. lessened its holdings in FS Bancorp Inc (NASDAQ:FSBW) by 14.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 26,106 shares of the bank’s stock after selling 4,318 shares during the quarter. FS Bancorp makes up approximately 1.2% of M3F Inc.’s holdings, making the stock its 25th largest position. M3F Inc.’s holdings in FS Bancorp were worth $1,318,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of FSBW. ClariVest Asset Management LLC increased its stake in FS Bancorp by 6.2% during the 1st quarter. ClariVest Asset Management LLC now owns 20,606 shares of the bank’s stock worth $1,040,000 after buying an additional 1,200 shares during the period. Northern Trust Corp increased its stake in FS Bancorp by 1.1% during the 1st quarter. Northern Trust Corp now owns 44,791 shares of the bank’s stock worth $2,261,000 after buying an additional 496 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in FS Bancorp by 19.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 96,517 shares of the bank’s stock worth $4,872,000 after buying an additional 15,420 shares during the period. Dimensional Fund Advisors LP increased its stake in FS Bancorp by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 105,525 shares of the bank’s stock worth $5,327,000 after buying an additional 11,539 shares during the period. Finally, Wells Fargo & Company MN increased its stake in FS Bancorp by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 17,651 shares of the bank’s stock worth $891,000 after buying an additional 332 shares during the period. 56.37% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on FSBW. ValuEngine downgraded shares of FS Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Zacks Investment Research downgraded shares of FS Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd.
In other news, VP Debra Lynn Steck sold 30,540 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $48.02, for a total value of $1,466,530.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.62% of the stock is currently owned by insiders.
FS Bancorp stock traded up $0.04 during midday trading on Wednesday, hitting $48.90. 2,281 shares of the stock were exchanged, compared to its average volume of 10,562. FS Bancorp Inc has a 1 year low of $41.25 and a 1 year high of $66.40. The company has a market capitalization of $219.48 million, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.04.
FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Thursday, April 25th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.09). FS Bancorp had a return on equity of 12.15% and a net margin of 25.72%. The firm had revenue of $22.24 million for the quarter, compared to analysts’ expectations of $22.36 million. Analysts forecast that FS Bancorp Inc will post 5.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, May 8th. FS Bancorp’s dividend payout ratio (DPR) is 12.85%.
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About FS Bancorp
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 deposit.
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