FS Bancorp (NASDAQ:FSBW) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of FS Bancorp (NASDAQ:FSBWFree Report) from a hold rating to a buy rating in a report issued on Wednesday.

FS Bancorp Trading Up 2.6 %

FS Bancorp stock opened at $33.27 on Wednesday. The company’s fifty day simple moving average is $35.60 and its 200-day simple moving average is $32.11. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. FS Bancorp has a 12 month low of $26.08 and a 12 month high of $38.70. The stock has a market cap of $259.44 million, a P/E ratio of 7.30 and a beta of 0.96.

FS Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.25. FS Bancorp’s payout ratio is presently 22.81%.

Institutional Investors Weigh In On FS Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its position in FS Bancorp by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 821,427 shares of the bank’s stock worth $27,469,000 after acquiring an additional 44,913 shares during the last quarter. BlackRock Inc. increased its stake in FS Bancorp by 1.7% in the first quarter. BlackRock Inc. now owns 438,901 shares of the bank’s stock valued at $13,606,000 after acquiring an additional 7,193 shares during the period. Dimensional Fund Advisors LP increased its stake in FS Bancorp by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 383,591 shares of the bank’s stock valued at $14,178,000 after acquiring an additional 8,281 shares during the period. EJF Capital LLC increased its stake in FS Bancorp by 4.1% in the first quarter. EJF Capital LLC now owns 383,087 shares of the bank’s stock valued at $11,876,000 after acquiring an additional 15,000 shares during the period. Finally, Vanguard Group Inc. grew its stake in FS Bancorp by 3.0% during the third quarter. Vanguard Group Inc. now owns 333,112 shares of the bank’s stock worth $9,080,000 after buying an additional 9,659 shares during the last quarter. Institutional investors and hedge funds own 59.21% of the company’s stock.

About FS Bancorp

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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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