FS Bancorp Inc (FSBW) Shares Bought by EJF Capital LLC

EJF Capital LLC increased its holdings in shares of FS Bancorp Inc (NASDAQ:FSBW) by 157.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the bank’s stock after purchasing an additional 110,000 shares during the quarter. EJF Capital LLC owned approximately 4.85% of FS Bancorp worth $10,030,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in shares of FS Bancorp during the second quarter worth about $133,000. American Century Companies Inc. purchased a new stake in shares of FS Bancorp during the second quarter worth about $209,000. First Trust Advisors LP grew its position in shares of FS Bancorp by 21.5% during the second quarter. First Trust Advisors LP now owns 5,224 shares of the bank’s stock worth $330,000 after purchasing an additional 926 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of FS Bancorp during the second quarter worth about $380,000. Finally, Wells Fargo & Company MN grew its position in shares of FS Bancorp by 267.4% during the third quarter. Wells Fargo & Company MN now owns 12,379 shares of the bank’s stock worth $690,000 after purchasing an additional 9,010 shares in the last quarter. Hedge funds and other institutional investors own 59.89% of the company’s stock.

Several analysts recently issued reports on the company. ValuEngine cut FS Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Raymond James cut their target price on FS Bancorp from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, November 15th. Finally, Zacks Investment Research cut FS Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th.

NASDAQ:FSBW opened at $47.74 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.10 and a quick ratio of 1.04. FS Bancorp Inc has a 12-month low of $42.02 and a 12-month high of $66.40. The stock has a market cap of $178.85 million, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.04). The firm had revenue of $17.66 million for the quarter, compared to analysts’ expectations of $17.96 million. FS Bancorp had a net margin of 21.47% and a return on equity of 12.76%. As a group, research analysts anticipate that FS Bancorp Inc will post 4.56 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Thursday, November 8th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 7th. FS Bancorp’s dividend payout ratio is presently 13.43%.

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FS Bancorp 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 deposits.

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

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