Royce & Associates LP Has $4.13 Million Stock Holdings in FS Bancorp, Inc. $FSBW

Key Points

• Royce & Associates boosted its position in FS Bancorp by 35.1% to 103,348 shares—about 1.36% of the company—worth roughly $4.13 million.
• FS Bancorp reported $1.10 EPS (missing estimates by $0.03) and $40.01 million in revenue (beating the $38.2M consensus), with a net margin of 15.19% and ROE of 11.16%.
• Dividend raised to $0.29 quarterly (annual $1.16) for a 2.9% yield and 27.1% payout ratio; the stock trades near $39.80 with a market cap of ~$299.3M, P/E 9.3 and a consensus target of $46 (Moderate Buy).

Royce & Associates LP boosted its position in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 35.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 103,348 shares of the bank's stock after purchasing an additional 26,840 shares during the period. Royce & Associates LP owned about 1.36% of FS Bancorp worth $4,126,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC increased its position in FS Bancorp by 135.0% during the third quarter. CWM LLC now owns 1,060 shares of the bank's stock worth $42,000 after buying an additional 609 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of FS Bancorp during the 3rd quarter worth approximately $49,000. Tower Research Capital LLC TRC increased its holdings in shares of FS Bancorp by 489.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank's stock worth $78,000 after acquiring an additional 1,644 shares during the last quarter. Marshall Wace LLP bought a new stake in FS Bancorp in the 2nd quarter valued at $262,000. Finally, Advisors Asset Management Inc. raised its stake in FS Bancorp by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 8,816 shares of the bank's stock valued at $347,000 after acquiring an additional 291 shares during the period. Institutional investors own 63.88% of the company's stock.

FS Bancorp Stock Down 1.9%

FSBW stock opened at $39.80 on Friday. FS Bancorp, Inc. has a fifty-two week low of $34.61 and a fifty-two week high of $44.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $299.30 million, a price-to-earnings ratio of 9.30 and a beta of 0.71. The business's fifty day moving average price is $41.50 and its two-hundred day moving average price is $40.88.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.03). FS Bancorp had a net margin of 15.19% and a return on equity of 11.16%. The business had revenue of $40.01 million during the quarter, compared to the consensus estimate of $38.20 million. On average, equities analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, February 6th. This is a boost from FS Bancorp's previous quarterly dividend of $0.28. FS Bancorp's dividend payout ratio (DPR) is currently 27.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FS Bancorp in a research report on Friday, January 9th. DA Davidson lifted their target price on shares of FS Bancorp from $45.00 to $46.00 and gave the stock a "neutral" rating in a report on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

FS Bancorp Profile

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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