Angel Oak Capital Advisors LLC Acquires New Position in FS Bancorp, Inc. (NASDAQ:FSBW)

Angel Oak Capital Advisors LLC acquired a new position in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,000 shares of the bank's stock, valued at approximately $739,000. FS Bancorp accounts for about 1.0% of Angel Oak Capital Advisors LLC's portfolio, making the stock its 19th largest position. Angel Oak Capital Advisors LLC owned 0.23% of FS Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSBW. De Lisle Partners LLP raised its holdings in shares of FS Bancorp by 34.0% in the 3rd quarter. De Lisle Partners LLP now owns 358,765 shares of the bank's stock worth $15,982,000 after purchasing an additional 91,123 shares during the period. JPMorgan Chase & Co. raised its stake in shares of FS Bancorp by 216.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank's stock valued at $802,000 after purchasing an additional 12,322 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of FS Bancorp by 92.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank's stock valued at $631,000 after purchasing an additional 6,823 shares during the period. Barclays PLC lifted its holdings in FS Bancorp by 30.0% during the 3rd quarter. Barclays PLC now owns 27,418 shares of the bank's stock worth $1,220,000 after purchasing an additional 6,331 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in FS Bancorp by 22.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank's stock worth $1,348,000 after purchasing an additional 5,614 shares during the period. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

FS Bancorp Price Performance

Shares of FSBW traded down $0.53 during midday trading on Friday, hitting $38.25. 10,496 shares of the company traded hands, compared to its average volume of 15,106. FS Bancorp, Inc. has a one year low of $30.64 and a one year high of $49.15. The firm has a market cap of $299.12 million, a P/E ratio of 8.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.04. The stock has a 50-day moving average of $40.68 and a 200-day moving average of $43.06.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.12). FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%. As a group, sell-side analysts predict that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.28 per share. This is a positive change from FS Bancorp's previous quarterly dividend of $0.27. The ex-dividend date was Thursday, February 6th. This represents a $1.12 annualized dividend and a yield of 2.93%. FS Bancorp's dividend payout ratio (DPR) is currently 25.45%.

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.