Bank of America Corp DE Acquires 2,213 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

Bank of America Corp DE boosted its holdings in FS Bancorp, Inc. (NASDAQ:FSBW) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,097 shares of the bank’s stock after buying an additional 2,213 shares during the quarter. Bank of America Corp DE’s holdings in FS Bancorp were worth $291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in FS Bancorp by 354.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,026 shares of the bank’s stock valued at $42,000 after purchasing an additional 800 shares during the period. Wells Fargo & Company MN increased its position in FS Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,909 shares of the bank’s stock valued at $161,000 after purchasing an additional 851 shares during the period. BNP Paribas Financial Markets increased its position in FS Bancorp by 23.6% during the 4th quarter. BNP Paribas Financial Markets now owns 5,728 shares of the bank’s stock valued at $235,000 after purchasing an additional 1,094 shares during the period. Bailard Inc. acquired a new stake in FS Bancorp during the 4th quarter valued at approximately $257,000. Finally, Angel Oak Capital Advisors LLC acquired a new stake in FS Bancorp during the 4th quarter valued at approximately $739,000. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Price Performance

Shares of FSBW opened at $38.08 on Friday. FS Bancorp, Inc. has a 12-month low of $31.81 and a 12-month high of $49.15. The business’s fifty day moving average is $38.92 and its 200 day moving average is $39.89. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. The stock has a market cap of $293.10 million, a P/E ratio of 8.65 and a beta of 0.71.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Tuesday, April 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%. The company had revenue of $36.11 million for the quarter, compared to analysts’ expectations of $36.05 million. Sell-side analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.94%. The ex-dividend date was Thursday, May 8th. FS Bancorp’s dividend payout ratio (DPR) is presently 25.75%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of FS Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

About FS Bancorp

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.