SG Americas Securities LLC Makes New $119,000 Investment in FS Bancorp, Inc. (NASDAQ:FSBW)

SG Americas Securities LLC purchased a new position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,224 shares of the bank’s stock, valued at approximately $119,000.

Other institutional investors also recently bought and sold shares of the company. UBS Group AG lifted its holdings in FS Bancorp by 103.2% during the 1st quarter. UBS Group AG now owns 1,443 shares of the bank’s stock worth $43,000 after buying an additional 733 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in FS Bancorp during the 3rd quarter worth about $46,000. BNP Paribas Arbitrage SNC lifted its holdings in FS Bancorp by 2,203.8% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,797 shares of the bank’s stock worth $54,000 after buying an additional 1,719 shares during the last quarter. California State Teachers Retirement System purchased a new stake in FS Bancorp during the 2nd quarter worth about $66,000. Finally, Wells Fargo & Company MN lifted its holdings in FS Bancorp by 5,155.1% during the 2nd quarter. Wells Fargo & Company MN now owns 2,575 shares of the bank’s stock worth $77,000 after buying an additional 2,526 shares during the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Stock Up 0.1 %

FS Bancorp stock opened at $30.91 on Friday. FS Bancorp, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $38.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $241.41 million, a P/E ratio of 6.78 and a beta of 0.92. The stock has a 50-day simple moving average of $33.09 and a 200-day simple moving average of $32.97.

FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.21. FS Bancorp had a return on equity of 15.16% and a net margin of 19.21%. The business had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.80 million. Equities research analysts expect that FS Bancorp, Inc. will post 4.22 earnings per share for the current year.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a $0.26 dividend. This is an increase from FS Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, February 7th. FS Bancorp’s payout ratio is presently 22.81%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, April 11th.

FS Bancorp Company Profile

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.