Siena Capital Partners GP LLC Grows Stock Position in FS Bancorp, Inc. $FSBW

Siena Capital Partners GP LLC lifted its stake in FS Bancorp, Inc. (NASDAQ:FSBW) by 156.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 52,441 shares of the bank’s stock after buying an additional 31,965 shares during the period. Siena Capital Partners GP LLC’s holdings in FS Bancorp were worth $2,159,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FSBW. Daytona Street Capital LLC bought a new stake in shares of FS Bancorp in the fourth quarter worth about $1,335,000. Royce & Associates LP grew its stake in shares of FS Bancorp by 35.1% in the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock worth $4,126,000 after purchasing an additional 26,840 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of FS Bancorp in the third quarter worth about $838,000. Jane Street Group LLC bought a new stake in shares of FS Bancorp in the second quarter worth about $413,000. Finally, Marshall Wace LLP bought a new stake in shares of FS Bancorp in the second quarter worth about $262,000. 63.88% of the stock is owned by institutional investors.

FS Bancorp Price Performance

NASDAQ FSBW opened at $40.89 on Monday. The business’s 50-day moving average is $40.41 and its 200 day moving average is $40.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $221.42 million, a PE ratio of 9.53 and a beta of 0.66. FS Bancorp, Inc. has a 1 year low of $36.66 and a 1 year high of $44.22.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The business had revenue of $37.95 million for the quarter, compared to analysts’ expectations of $37.70 million. FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%. Sell-side analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current year.

FS Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 7th. FS Bancorp’s payout ratio is presently 27.04%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings cut FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. DA Davidson raised their target price on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

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.