Northern Trust Corp Boosts Stock Position in FS Bancorp Inc (NASDAQ:FSBW)

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Northern Trust Corp grew its holdings in FS Bancorp Inc (NASDAQ:FSBW) by 2.4% in the second quarter, Holdings Channel reports. The institutional investor owned 45,857 shares of the bank’s stock after acquiring an additional 1,066 shares during the quarter. Northern Trust Corp’s holdings in FS Bancorp were worth $2,379,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Panagora Asset Management Inc. increased its position in shares of FS Bancorp by 9.5% in the second quarter. Panagora Asset Management Inc. now owns 21,972 shares of the bank’s stock valued at $1,140,000 after buying an additional 1,910 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of FS Bancorp by 199.3% in the second quarter. JPMorgan Chase & Co. now owns 33,563 shares of the bank’s stock valued at $1,701,000 after buying an additional 22,351 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of FS Bancorp by 2.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 98,512 shares of the bank’s stock valued at $5,110,000 after buying an additional 1,995 shares in the last quarter. Pecaut & CO. purchased a new stake in shares of FS Bancorp in the first quarter valued at approximately $214,000. Finally, Bank of New York Mellon Corp increased its position in shares of FS Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 34,564 shares of the bank’s stock valued at $1,793,000 after buying an additional 1,945 shares in the last quarter. Institutional investors and hedge funds own 58.37% of the company’s stock.

Shares of FSBW opened at $51.39 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.08. FS Bancorp Inc has a one year low of $41.25 and a one year high of $53.00. The stock has a market capitalization of $226.94 million, a price-to-earnings ratio of 11.00 and a beta of 1.05. The stock has a 50 day moving average price of $50.47 and a 200 day moving average price of $49.84.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.28). FS Bancorp had a return on equity of 11.59% and a net margin of 23.80%. The firm had revenue of $23.62 million for the quarter, compared to analysts’ expectations of $23.14 million. On average, analysts predict that FS Bancorp Inc will post 4.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, October 31st. FS Bancorp’s payout ratio is presently 12.85%.

Several analysts recently commented on the company. Zacks Investment Research upgraded FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, October 8th. DA Davidson reiterated a “neutral” rating on shares of FS Bancorp in a research report on Tuesday, July 30th.

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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Want to see what other hedge funds are holding FSBW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Bancorp Inc (NASDAQ:FSBW).

Institutional Ownership by Quarter for FS Bancorp (NASDAQ:FSBW)

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