Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW – Free Report) by 92.6% in the third quarter, Holdings Channel.com reports. The firm owned 14,191 shares of the bank’s stock after buying an additional 6,823 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in FS Bancorp were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in FS Bancorp in the 2nd quarter worth approximately $900,000. Agate Pass Investment Management LLC purchased a new stake in shares of FS Bancorp during the second quarter worth $382,000. Dimensional Fund Advisors LP boosted its holdings in shares of FS Bancorp by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock worth $14,401,000 after acquiring an additional 3,811 shares during the period. Bank of New York Mellon Corp grew its position in shares of FS Bancorp by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock valued at $2,231,000 after purchasing an additional 2,761 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of FS Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 403,704 shares of the bank’s stock valued at $14,013,000 after purchasing an additional 2,376 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.
FS Bancorp Stock Performance
NASDAQ FSBW opened at $47.62 on Friday. The company’s 50 day simple moving average is $44.91 and its two-hundred day simple moving average is $40.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.04. FS Bancorp, Inc. has a 1 year low of $29.70 and a 1 year high of $49.15. The stock has a market capitalization of $372.25 million, a PE ratio of 10.11 and a beta of 0.93.
FS Bancorp (NASDAQ:FSBW – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. The company had revenue of $53.01 million for the quarter, compared to the consensus estimate of $37.10 million. Analysts predict that FS Bancorp, Inc. will post 4.52 earnings per share for the current fiscal year.
FS Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 7th. FS Bancorp’s payout ratio is 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.
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