Teton Advisors LLC Takes $838,000 Position in FS Bancorp, Inc. $FSBW

Teton Advisors LLC acquired a new position in FS Bancorp, Inc. (NASDAQ:FSBW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,000 shares of the bank’s stock, valued at approximately $838,000. Teton Advisors LLC owned 0.28% of FS Bancorp as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FSBW. De Lisle Partners LLP lifted its stake in shares of FS Bancorp by 1.5% in the 2nd quarter. De Lisle Partners LLP now owns 385,451 shares of the bank’s stock worth $15,193,000 after acquiring an additional 5,530 shares during the period. Geode Capital Management LLC raised its holdings in FS Bancorp by 0.5% during the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock worth $6,434,000 after purchasing an additional 826 shares in the last quarter. Royce & Associates LP raised its holdings in FS Bancorp by 35.1% during the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock worth $4,126,000 after purchasing an additional 26,840 shares in the last quarter. American Century Companies Inc. lifted its position in FS Bancorp by 6.9% in the second quarter. American Century Companies Inc. now owns 85,878 shares of the bank’s stock worth $3,382,000 after purchasing an additional 5,562 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in FS Bancorp by 2.2% during the 2nd quarter. Acadian Asset Management LLC now owns 83,159 shares of the bank’s stock valued at $3,273,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

Analysts Set New Price Targets

FSBW has been the topic of a number of research reports. DA Davidson boosted their price objective on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

FS Bancorp Stock Performance

Shares of FSBW opened at $39.46 on Friday. The company has a 50-day moving average of $41.44 and a two-hundred day moving average of $40.88. The stock has a market cap of $296.74 million, a price-to-earnings ratio of 9.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.00. FS Bancorp, Inc. has a one year low of $34.61 and a one year high of $44.22.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). FS Bancorp had a return on equity of 11.16% and a net margin of 15.19%.The firm had revenue of $40.01 million during the quarter, compared to analyst estimates of $38.20 million. On average, equities research analysts expect that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Friday, February 6th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 6th. FS Bancorp’s payout ratio is 27.10%.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.