StockNews.com cut shares of FS Bancorp (NASDAQ:FSBW – Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
FS Bancorp Trading Down 0.8 %
Shares of FS Bancorp stock traded down $0.26 on Tuesday, hitting $32.95. The stock had a trading volume of 5,290 shares, compared to its average volume of 11,237. The stock has a 50 day moving average of $33.98 and a 200 day moving average of $32.60. FS Bancorp has a twelve month low of $26.08 and a twelve month high of $38.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market capitalization of $257.34 million, a P/E ratio of 7.23 and a beta of 0.92.
FS Bancorp (NASDAQ:FSBW – Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.21. FS Bancorp had a return on equity of 15.16% and a net margin of 19.21%. The company had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.80 million. Sell-side analysts expect that FS Bancorp will post 4.22 earnings per share for the current fiscal year.
FS Bancorp Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.04 annualized dividend and a dividend yield of 3.16%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.25. FS Bancorp’s dividend payout ratio is currently 22.81%.
Institutional Trading of FS Bancorp
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in FS Bancorp by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 401,328 shares of the bank’s stock valued at $14,833,000 after acquiring an additional 2,668 shares during the last quarter. Barclays PLC boosted its holdings in FS Bancorp by 26.2% in the fourth quarter. Barclays PLC now owns 30,160 shares of the bank’s stock valued at $1,114,000 after acquiring an additional 6,265 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in FS Bancorp by 40.1% in the fourth quarter. Nuveen Asset Management LLC now owns 11,503 shares of the bank’s stock valued at $425,000 after acquiring an additional 3,291 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in FS Bancorp by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 70,662 shares of the bank’s stock valued at $2,612,000 after acquiring an additional 596 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in FS Bancorp by 9.5% in the fourth quarter. Royal Bank of Canada now owns 10,357 shares of the bank’s stock valued at $382,000 after acquiring an additional 899 shares during the last quarter. 63.88% of the stock is currently owned by institutional investors.
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.