1,887 Shares in FS Bancorp, Inc. $FSBW Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC purchased a new stake in FS Bancorp, Inc. (NASDAQ:FSBW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,887 shares of the bank’s stock, valued at approximately $74,000.

A number of other institutional investors have also recently bought and sold shares of the stock. De Lisle Partners LLP lifted its stake in FS Bancorp by 1.3% in the first quarter. De Lisle Partners LLP now owns 379,921 shares of the bank’s stock valued at $14,462,000 after buying an additional 5,000 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in 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 in the last quarter. Empowered Funds LLC lifted its stake in FS Bancorp by 7.2% in the first quarter. Empowered Funds LLC now owns 38,822 shares of the bank’s stock valued at $1,476,000 after buying an additional 2,611 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in FS Bancorp by 7.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,595 shares of the bank’s stock valued at $859,000 after buying an additional 1,600 shares in the last quarter. Finally, Royce & Associates LP bought a new position in FS Bancorp in the first quarter valued at approximately $617,000. Institutional investors own 63.88% of the company’s stock.

FS Bancorp Price Performance

NASDAQ:FSBW opened at $40.04 on Monday. FS Bancorp, Inc. has a one year low of $34.61 and a one year high of $49.15. The company has a market cap of $304.30 million, a P/E ratio of 9.51 and a beta of 0.74. The firm’s fifty day moving average price is $40.78 and its two-hundred day moving average price is $39.80. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.05 and a quick ratio of 1.03.

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

FS Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.28 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.12 annualized dividend and a dividend yield of 2.8%. FS Bancorp’s dividend payout ratio is 26.60%.

Insider Activity at FS Bancorp

In related news, CEO Joseph C. Adams sold 14,646 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $41.83, for a total value of $612,642.18. Following the transaction, the chief executive officer directly owned 97,775 shares in the company, valued at approximately $4,089,928.25. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 37,500 shares of company stock valued at $1,529,937 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson lifted their price target on shares of FS Bancorp from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FS Bancorp in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

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.