FS Bancorp, Inc. (NASDAQ:FSBW) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 65.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,045 shares of the bank’s stock after selling 11,561 shares during the period. Cornercap Investment Counsel Inc. owned about 0.08% of FS Bancorp worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FSBW. Vanguard Group Inc. lifted its holdings in shares of FS Bancorp by 0.6% in the first 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 in the last quarter. Dimensional Fund Advisors LP increased its position in FS Bancorp by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock worth $14,401,000 after buying an additional 3,811 shares during the last quarter. TCW Group Inc. increased its position in FS Bancorp by 0.6% during the second quarter. TCW Group Inc. now owns 290,242 shares of the bank’s stock worth $10,579,000 after buying an additional 1,706 shares during the last quarter. Bank of New York Mellon Corp increased its position in FS Bancorp by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock worth $2,231,000 after buying an additional 2,761 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in FS Bancorp by 22.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank’s stock worth $1,348,000 after buying an additional 5,614 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Stock Down 0.3 %

NASDAQ FSBW opened at $46.47 on Monday. The stock has a market cap of $363.40 million, a PE ratio of 9.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06. FS Bancorp, Inc. has a twelve month low of $29.70 and a twelve month high of $49.15. The firm has a 50-day simple moving average of $44.43 and a 200 day simple moving average of $39.78.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.15. The company had revenue of $53.01 million during the quarter, compared to analyst estimates of $37.10 million. FS Bancorp had a net margin of 18.28% and a return on equity of 13.42%. On average, research analysts forecast 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 will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, November 7th. FS Bancorp’s dividend payout ratio is currently 22.93%.

Analyst Upgrades and Downgrades

FSBW has been the topic of several research analyst reports. StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. DA Davidson raised their price target on FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th.

FS Bancorp Company 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.