Panagora Asset Management Inc. Buys 1,436 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

Panagora Asset Management Inc. grew its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 9.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,338 shares of the bank’s stock after acquiring an additional 1,436 shares during the period. Panagora Asset Management Inc. owned about 0.21% of FS Bancorp worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSBW. Bank of New York Mellon Corp grew its position in shares of FS Bancorp by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 70,151 shares of the bank’s stock valued at $2,069,000 after acquiring an additional 525 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of FS Bancorp during the 3rd quarter valued at approximately $46,000. HighTower Advisors LLC lifted its stake in shares of FS Bancorp by 2.1% during the 3rd quarter. HighTower Advisors LLC now owns 29,479 shares of the bank’s stock valued at $870,000 after buying an additional 597 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of FS Bancorp by 3.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 270,723 shares of the bank’s stock valued at $7,986,000 after buying an additional 9,716 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of FS Bancorp by 5.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after buying an additional 389 shares in the last quarter. 63.88% of the stock is owned by institutional investors.

FS Bancorp Stock Performance

NASDAQ FSBW opened at $32.66 on Friday. FS Bancorp, Inc. has a 1 year low of $28.07 and a 1 year high of $38.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market capitalization of $254.75 million, a PE ratio of 7.13 and a beta of 0.95. The company’s 50 day simple moving average is $32.65 and its two-hundred day simple moving average is $33.51.

FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Wednesday, April 24th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.08. FS Bancorp had a net margin of 18.69% and a return on equity of 14.17%. The business had revenue of $35.46 million for the quarter, compared to analysts’ expectations of $34.05 million. Analysts predict that FS Bancorp, Inc. will post 4.21 earnings per share for the current fiscal year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Wednesday, May 8th. FS Bancorp’s dividend payout ratio (DPR) is currently 22.71%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

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.