Acadian Asset Management LLC Has $3.09 Million Stock Position in FS Bancorp, Inc. $FSBW

Acadian Asset Management LLC reduced its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,399 shares of the bank’s stock after selling 3,543 shares during the quarter. Acadian Asset Management LLC owned 1.06% of FS Bancorp worth $3,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FSBW. Empowered Funds LLC grew its holdings in FS Bancorp by 7.2% during the first quarter. Empowered Funds LLC now owns 38,822 shares of the bank’s stock worth $1,476,000 after purchasing an additional 2,611 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of FS Bancorp by 3.1% in the first quarter. Bridgeway Capital Management LLC now owns 87,693 shares of the bank’s stock valued at $3,333,000 after buying an additional 2,611 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of FS Bancorp by 23.9% during the 1st quarter. Advisors Asset Management Inc. now owns 8,525 shares of the bank’s stock worth $324,000 after acquiring an additional 1,647 shares during the period. Trexquant Investment LP acquired a new position in shares of FS Bancorp during the 1st quarter worth approximately $286,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of FS Bancorp by 7.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,595 shares of the bank’s stock worth $859,000 after acquiring an additional 1,600 shares during the last quarter. Institutional investors own 63.88% of the company’s stock.

Insider Transactions at FS Bancorp

In other FS Bancorp news, CEO Joseph C. Adams sold 14,646 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $41.83, for a total transaction of $612,642.18. Following the completion of the sale, the chief executive officer owned 97,775 shares in the company, valued at approximately $4,089,928.25. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 37,500 shares of company stock valued at $1,529,937. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FSBW. DA Davidson lifted their price objective on shares of FS Bancorp from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of FS Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.

FS Bancorp Stock Performance

Shares of FS Bancorp stock opened at $41.56 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.96. The business has a 50-day moving average price of $41.08 and a two-hundred day moving average price of $39.46. FS Bancorp, Inc. has a 1-year low of $34.61 and a 1-year high of $49.15. The company has a market cap of $315.69 million, a P/E ratio of 9.87 and a beta of 0.73.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $37.28 million during the quarter, compared to analyst estimates of $36.55 million. FS Bancorp had a net margin of 15.88% and a return on equity of 11.32%. As a group, analysts anticipate that FS Bancorp, Inc. will post 4.26 EPS for the current year.

FS Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 7th. FS Bancorp’s dividend payout ratio (DPR) is currently 26.60%.

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.