FS Bancorp, Inc. (NASDAQ:FSBW) Sees Large Growth in Short Interest

FS Bancorp, Inc. (NASDAQ:FSBWGet Free Report) was the target of a significant increase in short interest in February. As of February 29th, there was short interest totalling 61,900 shares, an increase of 5.6% from the February 14th total of 58,600 shares. Based on an average trading volume of 13,900 shares, the short-interest ratio is presently 4.5 days.

FS Bancorp Stock Performance

FS Bancorp stock opened at $31.92 on Wednesday. The firm’s 50 day simple moving average is $34.16 and its 200-day simple moving average is $32.50. The company has a market cap of $248.98 million, a P/E ratio of 7.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.01. FS Bancorp has a fifty-two week low of $26.08 and a fifty-two week high of $38.70.

FS Bancorp (NASDAQ:FSBWGet Free Report) last released its earnings results on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.21. The business had revenue of $35.91 million for the quarter, compared to the consensus estimate of $34.80 million. FS Bancorp had a net margin of 19.21% and a return on equity of 15.42%. As a group, equities research analysts predict that FS Bancorp will post 4.22 EPS for the current year.

FS Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a dividend of $0.26 per share. This is a boost from FS Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, February 7th. FS Bancorp’s dividend payout ratio (DPR) is currently 22.81%.

Institutional Trading of FS Bancorp

Several institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. boosted its holdings in shares of FS Bancorp by 5.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 821,427 shares of the bank’s stock worth $27,469,000 after purchasing an additional 44,913 shares during the period. BlackRock Inc. lifted 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 last quarter. Vanguard Group Inc. lifted its stake in FS Bancorp by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 401,328 shares of the bank’s stock valued at $14,833,000 after acquiring an additional 2,668 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 last quarter. Finally, EJF Capital LLC lifted 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 last quarter. 59.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of FS Bancorp from a “hold” rating to a “buy” rating in a research report on Monday.

Get Our Latest Stock Report on FSBW

FS Bancorp Company Profile

(Get Free Report)

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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