BNP Paribas Financial Markets Lowers Stock Position in FS Bancorp, Inc. (NASDAQ:FSBW)

BNP Paribas Financial Markets trimmed its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 64.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,634 shares of the bank’s stock after selling 8,368 shares during the period. BNP Paribas Financial Markets’ holdings in FS Bancorp were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FSBW. Assenagon Asset Management S.A. acquired a new stake in FS Bancorp in the second quarter valued at $900,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in FS Bancorp by 92.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock valued at $631,000 after buying an additional 6,823 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in FS Bancorp by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 395,126 shares of the bank’s stock worth $14,401,000 after purchasing an additional 3,811 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of FS Bancorp by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,221 shares of the bank’s stock worth $2,231,000 after buying an additional 2,761 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in FS Bancorp by 165.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock valued at $184,000 after acquiring an additional 2,582 shares during the last quarter. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FS Bancorp Price Performance

Shares of NASDAQ:FSBW opened at $45.40 on Tuesday. FS Bancorp, Inc. has a one year low of $30.64 and a one year high of $49.15. The stock has a market cap of $354.89 million, a PE ratio of 9.64 and a beta of 0.94. The business’s fifty day moving average price is $45.47 and its two-hundred day moving average price is $41.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. The business had revenue of $53.01 million for the quarter, compared to analyst estimates of $37.10 million. On average, analysts forecast that FS Bancorp, Inc. will post 4.52 EPS for the current fiscal year.

FS Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Thursday, November 7th. FS Bancorp’s dividend payout ratio is presently 22.93%.

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.