Bank of New York Mellon Corp Acquires 1,700 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

Bank of New York Mellon Corp grew its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,722 shares of the bank’s stock after buying an additional 1,700 shares during the quarter. Bank of New York Mellon Corp owned 0.74% of FS Bancorp worth $2,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. De Lisle Partners LLP grew its stake in FS Bancorp by 34.0% in the third quarter. De Lisle Partners LLP now owns 358,765 shares of the bank’s stock worth $15,982,000 after purchasing an additional 91,123 shares in the last quarter. Angel Oak Capital Advisors LLC bought a new position in FS Bancorp in the fourth quarter worth approximately $739,000. JPMorgan Chase & Co. grew its stake in FS Bancorp by 216.0% in the third quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank’s stock worth $802,000 after purchasing an additional 12,322 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in FS Bancorp by 92.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock worth $631,000 after purchasing an additional 6,823 shares in the last quarter. Finally, Barclays PLC grew its stake in FS Bancorp by 30.0% in the third quarter. Barclays PLC now owns 27,418 shares of the bank’s stock worth $1,220,000 after purchasing an additional 6,331 shares in the last quarter. Institutional investors own 63.88% of the company’s stock.

FS Bancorp Stock Down 0.3 %

Shares of NASDAQ FSBW opened at $37.11 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $290.09 million, a PE ratio of 8.43 and a beta of 0.92. The stock’s fifty day simple moving average is $39.17 and its two-hundred day simple moving average is $42.40. FS Bancorp, Inc. has a 12-month low of $30.64 and a 12-month high of $49.15.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. As a group, analysts expect that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.28 per share. This is an increase from FS Bancorp’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 6th. FS Bancorp’s dividend payout ratio (DPR) is currently 25.45%.

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 deposit.