Acadian Asset Management LLC Grows Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

Acadian Asset Management LLC increased its position in FS Bancorp, Inc. (NASDAQ:FSBWGet Rating) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 58,839 shares of the bank’s stock after purchasing an additional 1,279 shares during the quarter. Acadian Asset Management LLC’s holdings in FS Bancorp were worth $1,977,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FSBW. Geode Capital Management LLC boosted its stake in shares of FS Bancorp by 98.1% in the 3rd quarter. Geode Capital Management LLC now owns 135,054 shares of the bank’s stock worth $4,674,000 after buying an additional 66,867 shares during the last quarter. Denali Advisors LLC bought a new stake in FS Bancorp during the fourth quarter worth approximately $34,000. Strs Ohio grew its stake in shares of FS Bancorp by 12.1% during the fourth quarter. Strs Ohio now owns 7,400 shares of the bank’s stock valued at $248,000 after buying an additional 800 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of FS Bancorp by 99.5% in the third quarter. HighTower Advisors LLC now owns 28,882 shares of the bank’s stock valued at $1,000,000 after purchasing an additional 14,407 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FS Bancorp by 103.7% in the third quarter. Dimensional Fund Advisors LP now owns 312,313 shares of the bank’s stock valued at $10,809,000 after purchasing an additional 159,000 shares during the period. 64.60% of the stock is owned by institutional investors.

Shares of FSBW stock opened at $29.13 on Wednesday. The business’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $32.41. The company has a market cap of $230.42 million, a PE ratio of 7.75 and a beta of 1.12. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.36. FS Bancorp, Inc. has a 12-month low of $28.53 and a 12-month high of $36.85.

FS Bancorp (NASDAQ:FSBWGet Rating) last released its earnings results on Thursday, April 28th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. FS Bancorp had a return on equity of 13.32% and a net margin of 25.20%. On average, equities analysts forecast that FS Bancorp, Inc. will post 3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be paid a dividend of $0.30 per share. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Wednesday, May 11th. FS Bancorp’s dividend payout ratio is presently 21.28%.

A number of analysts have weighed in on FSBW shares. StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Zacks Investment Research lowered FS Bancorp from a “buy” rating to a “hold” rating in a report on Monday, May 2nd.

In other FS Bancorp news, Director Mark Tueffers sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $29.90, for a total value of $29,900.00. Following the transaction, the director now directly owns 5,200 shares of the company’s stock, valued at approximately $155,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret R. Piesik sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $29.94, for a total transaction of $74,850.00. Following the sale, the director now owns 13,670 shares of the company’s stock, valued at approximately $409,279.80. The disclosure for this sale can be found here. Company insiders own 10.64% of the company’s stock.

About FS Bancorp (Get Rating)

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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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:FSBWGet Rating).

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

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