State Street Corp Has $5.07 Million Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

State Street Corp increased its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,851 shares of the bank’s stock after acquiring an additional 5,313 shares during the quarter. State Street Corp owned about 1.46% of FS Bancorp worth $5,065,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FSBW. Dimensional Fund Advisors LP boosted its stake in shares of FS Bancorp by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock valued at $14,401,000 after purchasing an additional 3,811 shares during the last quarter. De Lisle Partners LLP grew its holdings in FS Bancorp by 34.0% during the 3rd quarter. De Lisle Partners LLP now owns 358,765 shares of the bank’s stock worth $15,982,000 after acquiring an additional 91,123 shares during the period. Bank of New York Mellon Corp raised its position in shares of FS Bancorp by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock valued at $2,231,000 after acquiring an additional 2,761 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of FS Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 34,519 shares of the bank’s stock valued at $1,536,000 after purchasing an additional 1,742 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of FS Bancorp by 22.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank’s stock worth $1,348,000 after purchasing an additional 5,614 shares during the last quarter. Institutional investors own 63.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

FS Bancorp Trading Down 2.2 %

Shares of NASDAQ FSBW opened at $41.02 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. FS Bancorp, Inc. has a twelve month low of $30.64 and a twelve month high of $49.15. The company’s fifty day moving average is $45.22 and its 200-day moving average is $42.29. The stock has a market cap of $320.65 million, a price-to-earnings ratio of 8.71 and a beta of 0.94.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.15. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. The business had revenue of $53.01 million for the quarter, compared to analysts’ expectations of $37.10 million. Equities research analysts predict that FS Bancorp, Inc. will post 4.52 EPS for the current year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, November 7th. FS Bancorp’s dividend payout ratio (DPR) is presently 22.93%.

About FS Bancorp

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.