Siena Capital Partners GP LLC Purchases 31,965 Shares of FS Bancorp, Inc. $FSBW

Siena Capital Partners GP LLC raised its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 156.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,441 shares of the bank’s stock after purchasing an additional 31,965 shares during the period. Siena Capital Partners GP LLC owned 0.70% of FS Bancorp worth $2,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of FS Bancorp by 1,852.8% in the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after acquiring an additional 667 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of FS Bancorp by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after acquiring an additional 1,644 shares during the period. Marshall Wace LLP bought a new position in shares of FS Bancorp in the second quarter worth $262,000. Finally, Rhumbline Advisers boosted its holdings in shares of FS Bancorp by 4.7% in the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock worth $390,000 after acquiring an additional 446 shares during the period. 63.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FSBW. Weiss Ratings lowered FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. DA Davidson raised their price target on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Price Performance

FSBW opened at $40.89 on Monday. The company has a market cap of $221.42 million, a P/E ratio of 9.53 and a beta of 0.66. The business’s 50-day moving average price is $40.41 and its 200-day moving average price is $40.81. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. FS Bancorp, Inc. has a 12 month low of $36.66 and a 12 month high of $44.22.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $1.01 by $0.01. The firm had revenue of $37.95 million for the quarter, compared to the consensus estimate of $37.70 million. FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%. On average, equities analysts expect that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a $0.29 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. FS Bancorp’s payout ratio is currently 27.04%.

FS Bancorp Company Profile

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.