Teton Advisors LLC Buys Shares of 21,000 FS Bancorp, Inc. $FSBW

Teton Advisors LLC bought a new stake in FS Bancorp, Inc. (NASDAQ:FSBW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the bank’s stock, valued at approximately $838,000.

A number of other hedge funds have also made changes to their positions in FSBW. De Lisle Partners LLP boosted its holdings in shares of FS Bancorp by 1.5% during the second quarter. De Lisle Partners LLP now owns 385,451 shares of the bank’s stock worth $15,193,000 after purchasing an additional 5,530 shares during the period. Geode Capital Management LLC increased its stake in FS Bancorp by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after buying an additional 826 shares during the period. Royce & Associates LP increased its stake in FS Bancorp by 35.1% in the 3rd quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after buying an additional 26,840 shares during the period. American Century Companies Inc. lifted its position in FS Bancorp by 6.9% in the 2nd quarter. American Century Companies Inc. now owns 85,878 shares of the bank’s stock worth $3,382,000 after buying an additional 5,562 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of FS Bancorp by 2.2% during the 2nd quarter. Acadian Asset Management LLC now owns 83,159 shares of the bank’s stock valued at $3,273,000 after buying an additional 1,760 shares during the period. 63.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on FSBW. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. DA Davidson lifted their price objective on FS Bancorp from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, FS Bancorp has an average rating of “Moderate Buy” and an average target price of $46.00.

FS Bancorp Stock Performance

Shares of NASDAQ FSBW opened at $39.46 on Friday. The business’s 50-day simple moving average is $41.44 and its 200-day simple moving average is $40.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.01. FS Bancorp, Inc. has a 52 week low of $34.61 and a 52 week high of $44.22. The firm has a market cap of $296.74 million, a price-to-earnings ratio of 9.22 and a beta of 0.71.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). FS Bancorp had a return on equity of 11.16% and a net margin of 15.19%.The company had revenue of $40.01 million for the quarter, compared to the consensus estimate of $38.20 million. As a group, equities research analysts expect that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were issued a $0.29 dividend. This is a boost from FS Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 6th. This represents a $1.16 annualized dividend and a yield of 2.9%. FS Bancorp’s payout ratio is 27.10%.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.