18,000 Shares in FS Bancorp, Inc. (NASDAQ:FSBW) Bought by Angel Oak Capital Advisors LLC

Angel Oak Capital Advisors LLC bought a new position in FS Bancorp, Inc. (NASDAQ:FSBW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,000 shares of the bank’s stock, valued at approximately $739,000. FS Bancorp accounts for approximately 1.0% of Angel Oak Capital Advisors LLC’s holdings, making the stock its 19th largest position. Angel Oak Capital Advisors LLC owned 0.23% of FS Bancorp as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. De Lisle Partners LLP increased its holdings in shares of FS Bancorp by 34.0% in 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. JPMorgan Chase & Co. increased its stake in shares of FS Bancorp by 216.0% in the third quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank’s stock valued at $802,000 after purchasing an additional 12,322 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of FS Bancorp by 92.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock valued at $631,000 after buying an additional 6,823 shares during the last quarter. Barclays PLC raised its holdings in shares of FS Bancorp by 30.0% during the third quarter. Barclays PLC now owns 27,418 shares of the bank’s stock valued at $1,220,000 after buying an additional 6,331 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of 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 period. 63.88% of the stock is currently owned by institutional investors.

FS Bancorp Stock Performance

FSBW stock opened at $39.04 on Tuesday. The company has a 50-day simple moving average of $41.23 and a 200 day simple moving average of $43.13. The company has a market capitalization of $305.29 million, a P/E ratio of 8.87 and a beta of 0.95. 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 fifty-two week low of $30.64 and a fifty-two week high of $49.15.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%. Sell-side analysts predict that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.28 per share. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, February 6th. FS Bancorp’s dividend payout ratio (DPR) is presently 25.45%.

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 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.