Dimensional Fund Advisors LP Invests $266,000 in FS Bancorp Inc (FSBW) Stock

Dimensional Fund Advisors LP bought a new position in shares of FS Bancorp Inc (NASDAQ:FSBW) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,971 shares of the bank’s stock, valued at approximately $266,000. Dimensional Fund Advisors LP owned 0.20% of FS Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FSBW. Acadian Asset Management LLC increased its stake in FS Bancorp by 28.6% during the 2nd quarter. Acadian Asset Management LLC now owns 20,883 shares of the bank’s stock worth $914,000 after buying an additional 4,638 shares during the period. Spark Investment Management LLC increased its position in shares of FS Bancorp by 35.2% in the 2nd quarter. Spark Investment Management LLC now owns 14,600 shares of the bank’s stock valued at $639,000 after purchasing an additional 3,800 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of FS Bancorp in the 2nd quarter valued at approximately $156,000. Context BH Capital Management LP increased its position in shares of FS Bancorp by 8.5% in the 2nd quarter. Context BH Capital Management LP now owns 42,343 shares of the bank’s stock valued at $1,853,000 after purchasing an additional 3,322 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of FS Bancorp by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 65,698 shares of the bank’s stock valued at $2,932,000 after purchasing an additional 2,894 shares during the last quarter. 42.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FS Bancorp Inc (NASDAQ FSBW) opened at $57.22 on Thursday. FS Bancorp Inc has a 52-week low of $34.10 and a 52-week high of $58.00. 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 company has a market cap of $212.67, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.37 and a beta of 0.49.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, November 8th. FS Bancorp’s dividend payout ratio is presently 10.50%.

A number of equities research analysts have commented on FSBW shares. DA Davidson started coverage on shares of FS Bancorp in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $52.00 price objective on the stock. Zacks Investment Research downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of FS Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.75.

COPYRIGHT VIOLATION WARNING: “Dimensional Fund Advisors LP Invests $266,000 in FS Bancorp Inc (FSBW) Stock” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/12/07/dimensional-fund-advisors-lp-invests-266000-in-fs-bancorp-inc-fsbw-stock.html.

FS Bancorp Profile

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.

Want to see what other hedge funds are holding FSBW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FS Bancorp Inc (NASDAQ:FSBW).

Institutional Ownership by Quarter for FS Bancorp (NASDAQ:FSBW)

Receive News & Ratings for FS Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply