Angel Oak Capital Advisors LLC Invests $739,000 in FS Bancorp, Inc. (NASDAQ:FSBW)

Angel Oak Capital Advisors LLC bought a new stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW) in the 4th quarter, HoldingsChannel reports. The firm bought 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 holdings, making the stock its 19th largest position.

A number of other large investors have also recently added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new position in shares of FS Bancorp in the third quarter valued at $62,000. SG Americas Securities LLC acquired a new position in shares of FS Bancorp in the 3rd quarter worth $103,000. Advisors Asset Management Inc. grew its holdings in shares of FS Bancorp by 165.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock worth $184,000 after acquiring an additional 2,582 shares during the last quarter. Jane Street Group LLC raised its position in shares of FS Bancorp by 43.9% during the third quarter. Jane Street Group LLC now owns 8,784 shares of the bank’s stock worth $391,000 after purchasing an additional 2,678 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of FS Bancorp by 92.6% during the third 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 last quarter. 63.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

FS Bancorp Stock Performance

FS Bancorp stock opened at $39.04 on Tuesday. FS Bancorp, Inc. has a 52 week low of $30.64 and a 52 week high of $49.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06. The firm has a market capitalization of $305.29 million, a price-to-earnings ratio of 8.87 and a beta of 0.95. The company has a 50 day moving average price of $41.23 and a 200 day moving average price of $43.13.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. Research analysts forecast that FS Bancorp, Inc. will post 4.26 EPS for the current year.

FS Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.28 per share. This is a boost from FS Bancorp’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Thursday, February 6th. 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.