Trexquant Investment LP Purchases Shares of 7,526 FS Bancorp, Inc. $FSBW

Key Points

• Trexquant Investment LP acquired 7,526 shares of FS Bancorp, Inc., valued at approximately $286,000, increasing its ownership to around 0.10% as reported in a recent 13F filing.
• FS Bancorp reported earnings of $0.99 per share for the last quarter, exceeding analysts' expectations, with a revenue of $37.28 million.
• Insider trading activity included CEO Joseph C. Adams selling 14,646 shares, reducing his ownership by 13.03%, and a total of 37,500 shares sold by insiders in the last three months.

Trexquant Investment LP bought a new stake in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,526 shares of the bank's stock, valued at approximately $286,000. Trexquant Investment LP owned about 0.10% of FS Bancorp at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Royce & Associates LP purchased a new position in FS Bancorp in the 1st quarter worth approximately $617,000. Millennium Management LLC grew its holdings in FS Bancorp by 96.5% during the fourth quarter. Millennium Management LLC now owns 18,701 shares of the bank's stock worth $768,000 after acquiring an additional 9,183 shares during the period. D.A. Davidson & CO. acquired a new position in FS Bancorp during the first quarter worth about $365,000. Citadel Advisors LLC increased its stake in FS Bancorp by 119.9% in the 4th quarter. Citadel Advisors LLC now owns 21,412 shares of the bank's stock worth $879,000 after purchasing an additional 11,674 shares in the last quarter. Finally, Northern Trust Corp boosted its position in FS Bancorp by 3.8% during the 4th quarter. Northern Trust Corp now owns 66,529 shares of the bank's stock worth $2,732,000 after acquiring an additional 2,446 shares during the period. Hedge funds and other institutional investors own 63.88% of the company's stock.

Insiders Place Their Bets

In other FS Bancorp news, CEO Joseph C. Adams sold 14,646 shares of FS Bancorp stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $41.83, for a total value of $612,642.18. Following the completion of the transaction, the chief executive officer directly owned 97,775 shares of the company's stock, valued at $4,089,928.25. The trade was a 13.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 37,500 shares of company stock valued at $1,529,937. 12.70% of the stock is owned by insiders.

FS Bancorp Stock Up 0.3%

Shares of NASDAQ:FSBW traded up $0.11 during mid-day trading on Monday, reaching $41.56. 11,297 shares of the stock were exchanged, compared to its average volume of 15,779. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.96. The company has a market cap of $315.86 million, a P/E ratio of 9.87 and a beta of 0.73. FS Bancorp, Inc. has a one year low of $34.61 and a one year high of $49.15. The stock's 50 day simple moving average is $41.08 and its 200-day simple moving average is $39.46.

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

FS Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

FSBW has been the subject of several analyst reports. Wall Street Zen upgraded FS Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. DA Davidson boosted their price target on FS Bancorp from $41.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.