Context BH Capital Management LP increased its stake in FS Bancorp, Inc. (NASDAQ:FSBW) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,915 shares of the bank’s stock after buying an additional 1,572 shares during the quarter. Context BH Capital Management LP owned approximately 1.20% of FS Bancorp worth $2,268,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new stake in shares of FS Bancorp in the 3rd quarter valued at approximately $356,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of FS Bancorp in the 3rd quarter valued at approximately $2,422,000. Northpointe Capital LLC acquired a new stake in shares of FS Bancorp in the 3rd quarter valued at approximately $2,628,000. Stilwell Value LLC boosted its holdings in shares of FS Bancorp by 4,277.0% in the 2nd quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock valued at $5,252,000 after buying an additional 5,132,400 shares during the last quarter. Finally, ZPR Investment Management boosted its holdings in shares of FS Bancorp by 34.0% in the 2nd quarter. ZPR Investment Management now owns 14,777 shares of the bank’s stock valued at $660,000 after buying an additional 3,749 shares during the last quarter. 31.59% of the stock is owned by institutional investors.
Shares of FS Bancorp, Inc. (FSBW) traded up $1.10 during trading on Monday, reaching $56.62. The company’s stock had a trading volume of 13,800 shares, compared to its average volume of 9,812. FS Bancorp, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $57.22. The firm has a market cap of $208.07, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.34 and a beta of 0.47. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.46.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, November 8th. FS Bancorp’s dividend payout ratio is 10.50%.
Several research firms have recently commented on FSBW. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, November 7th. DA Davidson began coverage on FS Bancorp in a report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $49.75.
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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.
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