FS Bancorp, Inc. (NASDAQ:FSBW) Short Interest Update

FS Bancorp, Inc. (NASDAQ:FSBW) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 40,200 shares, a decrease of 9.7% from the November 15th total of 44,500 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of FS Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of FSBW. Assenagon Asset Management S.A. purchased a new position in FS Bancorp in the 2nd quarter valued at about $900,000. Empowered Funds LLC grew its stake in FS Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,519 shares of the bank’s stock valued at $1,536,000 after acquiring an additional 1,742 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of FS Bancorp by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock valued at $2,231,000 after purchasing an additional 2,761 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of FS Bancorp by 8.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 21,347 shares of the bank’s stock worth $778,000 after acquiring an additional 1,707 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in FS Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after purchasing an additional 434 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $45.59 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. FS Bancorp has a 12-month low of $30.64 and a 12-month high of $49.15. The business’s 50 day moving average is $45.41 and its two-hundred day moving average is $41.62. The company has a market capitalization of $356.38 million, a P/E ratio of 9.68 and a beta of 0.94.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The firm had revenue of $53.01 million for the quarter, compared to analyst estimates of $37.10 million. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. Analysts expect that FS Bancorp will post 4.52 EPS for the current fiscal year.

FS Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.27 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.08 annualized dividend and a dividend yield of 2.37%. FS Bancorp’s dividend payout ratio (DPR) is 22.93%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

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.