Cambridge Investment Research Advisors Inc. Increases Holdings in FS Bancorp (FSBW)

Cambridge Investment Research Advisors Inc. raised its position in shares of FS Bancorp (NASDAQ:FSBW) by 86.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,292 shares of the bank’s stock after purchasing an additional 5,250 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FS Bancorp were worth $616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AWH Capital L.P. acquired a new stake in FS Bancorp during the fourth quarter valued at approximately $10,209,000. Renaissance Technologies LLC raised its stake in FS Bancorp by 66.7% during the fourth quarter. Renaissance Technologies LLC now owns 60,000 shares of the bank’s stock valued at $3,274,000 after buying an additional 24,000 shares in the last quarter. Northpointe Capital LLC raised its stake in FS Bancorp by 4.7% during the fourth quarter. Northpointe Capital LLC now owns 53,262 shares of the bank’s stock valued at $2,907,000 after buying an additional 2,384 shares in the last quarter. Acadian Asset Management LLC raised its stake in FS Bancorp by 48.8% during the fourth quarter. Acadian Asset Management LLC now owns 50,218 shares of the bank’s stock valued at $2,741,000 after buying an additional 16,472 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in FS Bancorp by 31.7% during the fourth quarter. Deutsche Bank AG now owns 24,906 shares of the bank’s stock valued at $1,359,000 after buying an additional 5,991 shares in the last quarter. Hedge funds and other institutional investors own 50.79% of the company’s stock.

In other news, Director Mark Tueffers sold 2,400 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $56.25, for a total transaction of $135,000.00. Following the sale, the director now directly owns 200 shares in the company, valued at approximately $11,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Ted A. Leech sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $54.47, for a total value of $272,350.00. The disclosure for this sale can be found here. 11.63% of the stock is currently owned by corporate insiders.



Several analysts have issued reports on FSBW shares. ValuEngine cut FS Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. FS Bancorp has an average rating of “Buy” and a consensus target price of $50.75.

Shares of FS Bancorp stock opened at $56.42 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.03. The company has a market cap of $206.36, a PE ratio of 13.48, a P/E/G ratio of 1.20 and a beta of 0.50. FS Bancorp has a twelve month low of $36.65 and a twelve month high of $59.81.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $16.56 million for the quarter, compared to analyst estimates of $17.14 million. FS Bancorp had a return on equity of 13.26% and a net margin of 20.05%. research analysts expect that FS Bancorp will post 4.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, April 27th. FS Bancorp’s dividend payout ratio is presently 10.55%.

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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 families, businesses, and industry niches in Puget Sound area communities, Washington. The company offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposits.

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Institutional Ownership by Quarter for FS Bancorp (NASDAQ:FSBW)

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