391,651 Shares in FS Bancorp, Inc. $FSBW Acquired by De Lisle Partners LLP

De Lisle Partners LLP bought a new position in FS Bancorp, Inc. (NASDAQ:FSBW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 391,651 shares of the bank’s stock, valued at approximately $16,956,000. FS Bancorp makes up approximately 1.9% of De Lisle Partners LLP’s investment portfolio, making the stock its 8th biggest holding. De Lisle Partners LLP owned about 0.07% of FS Bancorp as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Siena Capital Partners GP LLC increased its holdings in shares of FS Bancorp by 156.1% in the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock worth $2,159,000 after purchasing an additional 31,965 shares during the period. Squarepoint Ops LLC bought a new stake in FS Bancorp during the fourth quarter valued at $361,000. Wells Fargo & Company MN boosted its stake in FS Bancorp by 44.7% during the fourth quarter. Wells Fargo & Company MN now owns 7,239 shares of the bank’s stock valued at $298,000 after buying an additional 2,235 shares during the period. Marshall Wace LLP purchased a new position in FS Bancorp during the second quarter worth about $262,000. Finally, Deutsche Bank AG purchased a new position in FS Bancorp during the fourth quarter worth about $193,000. 63.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FSBW has been the topic of a number of research analyst reports. Zacks Research lowered FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Brean Capital cut shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research report on Monday, July 27th. Finally, DA Davidson restated a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FS Bancorp currently has an average rating of “Hold” and an average target price of $45.00.

FS Bancorp Stock Performance

NASDAQ FSBW opened at $42.47 on Friday. FS Bancorp, Inc. has a 52-week low of $36.66 and a 52-week high of $45.85. The company has a fifty day moving average of $43.08 and a 200-day moving average of $41.41. The company has a market capitalization of $315.55 million, a P/E ratio of 9.79 and a beta of 0.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%.The business had revenue of $5.24 million for the quarter, compared to analysts’ expectations of $38.00 million. As a group, equities research analysts predict that FS Bancorp, Inc. will post 4.34 EPS for the current fiscal year.

FS Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. FS Bancorp’s dividend payout ratio is 26.73%.

FS Bancorp Company Profile

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.