Bank of New York Mellon Corp Has $2.23 Million Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

Bank of New York Mellon Corp raised its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 4.7% during the second quarter, HoldingsChannel.com reports. The fund owned 61,221 shares of the bank’s stock after buying an additional 2,761 shares during the quarter. Bank of New York Mellon Corp’s holdings in FS Bancorp were worth $2,231,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of FS Bancorp by 45.2% during the 4th quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock valued at $374,000 after purchasing an additional 3,152 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in FS Bancorp by 9.6% in the fourth quarter. Panagora Asset Management Inc. now owns 16,338 shares of the bank’s stock valued at $604,000 after buying an additional 1,436 shares during the period. TCW Group Inc. boosted its holdings in shares of FS Bancorp by 0.9% during the 4th quarter. TCW Group Inc. now owns 284,519 shares of the bank’s stock worth $10,516,000 after buying an additional 2,540 shares in the last quarter. Empowered Funds LLC grew its position in shares of FS Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the bank’s stock worth $1,056,000 after buying an additional 2,275 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of FS Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 403,704 shares of the bank’s stock valued at $14,013,000 after acquiring an additional 2,376 shares in the last quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.

FS Bancorp Trading Up 1.1 %

Shares of FS Bancorp stock opened at $44.97 on Tuesday. The stock has a market capitalization of $350.59 million, a PE ratio of 9.82 and a beta of 0.93. FS Bancorp, Inc. has a 52 week low of $28.07 and a 52 week high of $45.62. The stock has a 50 day moving average price of $41.79 and a two-hundred day moving average price of $36.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.08.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.10. FS Bancorp had a net margin of 18.05% and a return on equity of 13.40%. The business had revenue of $51.81 million during the quarter, compared to the consensus estimate of $35.40 million. As a group, equities analysts anticipate that FS Bancorp, Inc. will post 4.17 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 7th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.40%. FS Bancorp’s payout ratio is presently 23.58%.

Analyst Ratings Changes

Several brokerages recently issued reports on FSBW. StockNews.com lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson upped their price objective on shares of FS Bancorp from $34.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, July 25th.

FS Bancorp 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.