EJF Capital LLC Takes Position in FS Bancorp Inc (FSBW)
EJF Capital LLC purchased a new position in shares of FS Bancorp Inc (NASDAQ:FSBW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,000 shares of the bank’s stock, valued at approximately $3,616,000. EJF Capital LLC owned approximately 1.91% of FS Bancorp as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSBW. JPMorgan Chase & Co. acquired a new position in FS Bancorp during the second quarter worth about $156,000. Dimensional Fund Advisors LP acquired a new position in FS Bancorp during the second quarter worth about $266,000. Cambridge Investment Research Advisors Inc. grew its position in FS Bancorp by 0.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after buying an additional 30 shares during the period. Russell Investments Group Ltd. acquired a new position in FS Bancorp during the third quarter worth about $334,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of FS Bancorp in the second quarter valued at approximately $338,000. 42.71% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the stock. ValuEngine lowered shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, DA Davidson assumed 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 on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $49.75.
Shares of FS Bancorp Inc (NASDAQ:FSBW) opened at $57.50 on Tuesday. The company has a market cap of $209.03, a P/E ratio of 13.57, a PEG ratio of 1.35 and a beta of 0.49. FS Bancorp Inc has a 1 year low of $33.86 and a 1 year high of $57.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.96.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. FS Bancorp’s dividend payout ratio is presently 10.50%.
About FS Bancorp
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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