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.
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.
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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.
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