De Lisle Partners LLP Makes New Investment in FS Bancorp, Inc. $FSBW

Key Points

• De Lisle Partners LLP acquired 391,651 shares of FS Bancorp worth approximately $17.0 million, representing about 7.23% of the company and 1.9% of the fund’s portfolio. Institutional investors collectively own 63.88% of FSBW.
• Analyst sentiment is mixed, with one Buy, two Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $45.00 versus a recent share price of $42.47.
• FS Bancorp reported quarterly EPS of $1.08, matching estimates, and announced a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 payout and a 2.7% yield.

De Lisle Partners LLP bought a new stake in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 391,651 shares of the bank's stock, valued at approximately $16,956,000. FS Bancorp comprises approximately 1.9% of De Lisle Partners LLP's portfolio, making the stock its 8th biggest position. De Lisle Partners LLP owned approximately 7.23% of FS Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FSBW. BlackRock Inc. bought a new stake in shares of FS Bancorp in the 2nd quarter worth approximately $21,213,000. Bank of New York Mellon Corp bought a new position in FS Bancorp during the second quarter valued at $2,150,000. Siena Capital Partners GP LLC grew its holdings in FS Bancorp by 156.1% during the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank's stock valued at $2,159,000 after purchasing an additional 31,965 shares during the period. Jane Street Group LLC bought a new position in FS Bancorp during the second quarter valued at $413,000. Finally, Squarepoint Ops LLC purchased a new stake in FS Bancorp in the fourth quarter worth $361,000. 63.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FSBW has been the topic of several research reports. Brean Capital lowered FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Monday, July 27th. Weiss Ratings raised FS Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, June 29th. DA Davidson restated a "neutral" rating and issued a $45.00 price objective on shares of FS Bancorp in a research note on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of FS Bancorp from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $45.00.

FS Bancorp Trading Down 0.3%

NASDAQ:FSBW opened at $42.47 on Friday. The company has a market cap of $315.55 million, a P/E ratio of 9.79 and a beta of 0.66. The stock's fifty day moving average price is $43.08 and its two-hundred day moving average price is $41.41. FS Bancorp, Inc. has a 1 year low of $36.66 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.09.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%.The company had revenue of $5.24 million during the quarter, compared to analysts' expectations of $38.00 million. As a group, analysts expect that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. FS Bancorp's payout ratio is presently 26.73%.

About FS Bancorp

FS Bancorp, Inc NASDAQ: FSBW is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.

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