TCW Group Inc. decreased its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,568 shares of the bank’s stock after selling 6,200 shares during the quarter. TCW Group Inc. owned approximately 2.74% of FS Bancorp worth $5,194,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Stilwell Value LLC grew its stake in FS Bancorp by 4,277.0% during the second quarter. Stilwell Value LLC now owns 5,252,400 shares of the bank’s stock worth $5,252,000 after buying an additional 5,132,400 shares in the last quarter. Northpointe Capital LLC acquired a new stake in FS Bancorp during the third quarter worth about $2,628,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of FS Bancorp in the 3rd quarter valued at approximately $2,422,000. Janus Henderson Group PLC acquired a new stake in shares of FS Bancorp in the 2nd quarter valued at approximately $338,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of FS Bancorp in the 3rd quarter valued at approximately $356,000. Institutional investors and hedge funds own 31.59% of the company’s stock.
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Several research analysts have issued reports on FSBW shares. Zacks Investment Research upgraded shares of FS Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, November 7th. DA Davidson started coverage on shares of FS Bancorp in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 price target for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $49.75.
Shares of FS Bancorp, Inc. (NASDAQ:FSBW) traded up $1.00 during trading on Friday, reaching $57.75. The company had a trading volume of 7,700 shares, compared to its average volume of 9,774. FS Bancorp, Inc. has a fifty-two week low of $31.28 and a fifty-two week high of $57.93. The company has a market cap of $208.55, a PE ratio of 13.54, a P/E/G ratio of 1.34 and a beta of 0.47. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, November 8th. FS Bancorp’s dividend payout ratio (DPR) is 10.50%.
FS Bancorp Profile
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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