FS Bancorp, Inc. (NASDAQ:FSBW) Position Cut by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC reduced its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,894 shares of the bank’s stock after selling 2,936 shares during the period. FS Bancorp comprises about 2.1% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 8th largest holding. Pacific Ridge Capital Partners LLC owned about 2.86% of FS Bancorp worth $9,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. De Lisle Partners LLP boosted its holdings in FS Bancorp by 34.0% during the 3rd quarter. De Lisle Partners LLP now owns 358,765 shares of the bank’s stock valued at $15,982,000 after acquiring an additional 91,123 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of FS Bancorp during the fourth quarter worth about $1,510,000. JPMorgan Chase & Co. boosted its stake in shares of FS Bancorp by 108.2% in the fourth quarter. JPMorgan Chase & Co. now owns 37,536 shares of the bank’s stock valued at $1,541,000 after purchasing an additional 19,509 shares during the period. Angel Oak Capital Advisors LLC acquired a new position in shares of FS Bancorp in the fourth quarter valued at approximately $739,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in FS Bancorp by 92.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock worth $631,000 after buying an additional 6,823 shares during the period. 63.88% of the stock is owned by institutional investors and hedge funds.

FS Bancorp Price Performance

FS Bancorp stock opened at $38.39 on Thursday. The company’s 50 day moving average is $38.99 and its two-hundred day moving average is $42.30. The firm has a market cap of $298.02 million, a PE ratio of 8.73 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. FS Bancorp, Inc. has a 52-week low of $30.64 and a 52-week high of $49.15.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Tuesday, January 21st. The bank reported $0.92 EPS 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%. On average, research analysts expect that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.92%. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, February 6th. FS Bancorp’s dividend payout ratio (DPR) is 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.