LSV Asset Management Sells 8,400 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

LSV Asset Management trimmed its stake in FS Bancorp, Inc. (NASDAQ:FSBW) by 26.8% in the 4th quarter, HoldingsChannel reports. The firm owned 23,000 shares of the bank’s stock after selling 8,400 shares during the period. LSV Asset Management’s holdings in FS Bancorp were worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FSBW. Raymond James Financial Inc. bought a new stake in FS Bancorp during the fourth quarter valued at about $1,510,000. Renaissance Technologies LLC lifted its position in shares of FS Bancorp by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 118,385 shares of the bank’s stock valued at $4,861,000 after buying an additional 685 shares in the last quarter. Aristides Capital LLC grew its stake in shares of FS Bancorp by 16.2% during the 4th quarter. Aristides Capital LLC now owns 31,691 shares of the bank’s stock valued at $1,301,000 after acquiring an additional 4,408 shares during the period. Wells Fargo & Company MN increased its holdings in FS Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 3,909 shares of the bank’s stock worth $161,000 after acquiring an additional 851 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in FS Bancorp by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 155,635 shares of the bank’s stock worth $6,393,000 after acquiring an additional 724 shares during the period. 63.88% of the stock is owned by institutional investors.

FS Bancorp Stock Performance

FSBW opened at $38.36 on Tuesday. The company has a 50 day simple moving average of $38.02 and a two-hundred day simple moving average of $41.59. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.04. The firm has a market cap of $297.52 million, a P/E ratio of 8.72 and a beta of 0.78. FS Bancorp, Inc. has a 1-year low of $30.64 and a 1-year high of $49.15.

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

FS Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.92%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.27. FS Bancorp’s dividend payout ratio (DPR) is currently 25.45%.

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.