FS Bancorp, Inc. (FSBW) Bundle
Who Invests in FS Bancorp, Inc. (FSBW) and Why?
Who Invests in FS Bancorp, Inc. (FSBW) and Why?
Understanding the investor landscape for FS Bancorp, Inc. (FSBW) involves analyzing the key types of investors, their motivations, and the strategies they employ.
Key Investor Types
- Retail Investors: Individual investors who buy and sell shares through brokerage accounts. As of Q3 2024, retail investors owned approximately 35% of the total shares outstanding.
- Institutional Investors: Entities such as mutual funds, pension funds, and insurance companies. They hold about 60% of FSBW shares. Notable institutional investors include BlackRock and Vanguard.
- Hedge Funds: These investors often employ aggressive strategies to achieve high returns. Hedge funds collectively own around 5% of the shares, with strategies focused on short-term gains and market inefficiencies.
Investment Motivations
Investors are attracted to FS Bancorp for several reasons:
- Growth Prospects: The company reported a net income of $10.3 million for Q3 2024, reflecting a 14.5% increase year-over-year, which signals strong growth potential.
- Dividends: FS Bancorp has a track record of paying dividends, with a quarterly cash dividend of $0.27 per share declared in Q3 2024, marking the 47th consecutive quarter of dividends.
- Market Position: The company has positioned itself well in the regional banking sector, boasting total assets of $2.97 billion as of September 30, 2024, up from $2.94 billion in the previous quarter.
Investment Strategies
Investors typically employ various strategies when investing in FS Bancorp:
- Long-Term Holding: Many institutional investors adopt this strategy, focusing on the company's fundamentals and growth trajectory.
- Short-Term Trading: Retail investors often engage in frequent trading to capitalize on market volatility, especially in response to quarterly earnings reports.
- Value Investing: Some investors target FS Bancorp due to its attractive valuation metrics, such as a P/E ratio of 12.5 compared to the industry average of 15.3.
Table: Investor Breakdown and Key Metrics
| Investor Type | Ownership Percentage | Key Motivations |
|---|---|---|
| Retail Investors | 35% | Accessibility to dividends and growth potential |
| Institutional Investors | 60% | Stability and long-term growth |
| Hedge Funds | 5% | Short-term gains and market inefficiencies |
As of Q3 2024, the total number of shares outstanding was approximately 7.71 million, with a book value per share of $37.45.
In summary, the diverse investor base of FS Bancorp reflects a blend of retail and institutional interests, driven by strong financial performance, consistent dividends, and growth potential in the regional banking sector.
Institutional Ownership and Major Shareholders of FS Bancorp, Inc. (FSBW)
Institutional Ownership and Major Shareholders of FS Bancorp, Inc. (FSBW)
As of the most recent filings, the following table outlines the largest institutional investors and their respective shareholdings in FS Bancorp, Inc. (FSBW).
| Institutional Investor | Shares Held | Percentage of Shares Outstanding |
|---|---|---|
| BlackRock, Inc. | 1,200,000 | 15.6% |
| The Vanguard Group, Inc. | 1,000,000 | 13.0% |
| State Street Corporation | 800,000 | 10.4% |
| Dimensional Fund Advisors LP | 600,000 | 7.8% |
| Invesco Ltd. | 500,000 | 6.5% |
Recent changes in ownership among institutional investors indicate a trend in the company's stock. For the quarter ended September 30, 2024, institutional investors have made the following adjustments to their stakes:
- BlackRock, Inc. increased their holdings by 5%, reflecting confidence in the company’s growth prospects.
- The Vanguard Group, Inc. reduced their holdings by 3%, indicating a strategic reallocation of assets.
- State Street Corporation maintained their position without any changes.
- Dimensional Fund Advisors LP increased their stake by 10%, signaling a bullish outlook.
- Invesco Ltd. reduced their holdings by 2%, aligning with broader market trends.
Institutional investors play a crucial role in the stock price and strategic direction of FS Bancorp, Inc. Their significant shareholdings often provide stability and influence management decisions. The presence of large institutional investors typically correlates with increased credibility and visibility in the market, potentially impacting stock performance positively.
As of September 30, 2024, the total shares outstanding for FS Bancorp, Inc. were reported at 7,713,359. The aggregate institutional ownership stood at approximately 53.0%, reflecting strong institutional interest.
The following table summarizes the impact of institutional ownership on the stock price performance over the past year:
| Period | Stock Price Change (%) | Market Capitalization ($ Millions) |
|---|---|---|
| September 2023 | 12% | 300 |
| December 2023 | 8% | 324 |
| March 2024 | 10% | 356 |
| June 2024 | 5% | 374 |
| September 2024 | 6% | 397 |
Key Investors and Their Influence on FS Bancorp, Inc. (FSBW)
Key Investors and Their Impact on FS Bancorp, Inc. (FSBW)
As of 2024, FS Bancorp, Inc. has attracted various notable investors that play a significant role in influencing the company's direction and stock performance. Understanding these key investors is essential for gauging the company's investment landscape.
Notable Investors
- BlackRock, Inc. - One of the largest asset management firms globally, BlackRock holds approximately 6.5% of the outstanding shares of FS Bancorp, reflecting a significant institutional interest.
- Vanguard Group, Inc. - Another major institutional investor, Vanguard, has a stake of about 4.8% in the company, further solidifying institutional confidence in FS Bancorp's growth potential.
- Dimensional Fund Advisors - This fund holds around 3.2% of FS Bancorp's shares, indicating a strategic investment approach aimed at long-term capital appreciation.
- Insider Ownership - Company insiders, including executives, own approximately 10.5% of the total shares, aligning their interests closely with those of other shareholders.
Investor Influence
These investors significantly impact company decisions and stock movements. For instance, BlackRock and Vanguard, as large institutional investors, have the power to influence corporate governance and strategic initiatives through their voting rights at shareholder meetings. Their substantial stakes can lead to increased scrutiny of management decisions, pushing for improvements in operational efficiency and shareholder returns.
The presence of activist investors, if any, could further amplify this influence, potentially leading to calls for restructuring or strategic changes aimed at enhancing shareholder value. Institutional investors often advocate for better financial performance, which can result in changes to dividend policies or capital allocation strategies.
Recent Moves
Recent notable actions by these investors include:
- BlackRock increased its holdings by purchasing an additional 150,000 shares during Q3 2024, reflecting confidence in the company's growth prospects.
- Vanguard reported a slight reduction in its stake, selling approximately 50,000 shares in early October 2024, which may indicate portfolio rebalancing rather than a lack of confidence in FS Bancorp.
- Dimensional Fund Advisors has maintained its position without significant changes, suggesting a long-term investment strategy focused on the company's fundamentals.
- Insider transactions have also been notable, with several executives purchasing shares at an average price of $43.50 per share, demonstrating their belief in the company's future performance.
| Investor | Ownership (%) | Recent Activity | Share Price (Approx.) |
|---|---|---|---|
| BlackRock, Inc. | 6.5% | Purchased 150,000 shares in Q3 2024 | $43.50 |
| Vanguard Group, Inc. | 4.8% | Sold 50,000 shares in October 2024 | $43.50 |
| Dimensional Fund Advisors | 3.2% | No significant changes | $43.50 |
| Insider Ownership | 10.5% | Executives purchased shares at $43.50 | $43.50 |
Overall, the actions and strategies of these key investors will likely continue to shape the trajectory of FS Bancorp, influencing both its operational decisions and market performance as the company navigates the financial landscape in 2024.
Market Impact and Investor Sentiment of FS Bancorp, Inc. (FSBW)
Market Impact and Investor Sentiment
Investor Sentiment
The current sentiment of major shareholders toward the company is largely positive. As of September 30, 2024, the company reported a net income of $10.3 million for the third quarter, marking an increase from $9.0 million in the previous year. This reflects a diluted earnings per share of $1.29, up from $1.13 in the same quarter of 2023.
Recent Market Reactions
Following significant changes in ownership and large investor moves, the stock price has shown resilience. The stock price has demonstrated an upward trend, with the last reported price being around $43.58 per share, following a repurchase of 97,000 shares. The company's decision to maintain a quarterly cash dividend of $0.27 per share has also reinforced positive sentiment among investors.
Analyst Perspectives
Analysts have expressed optimistic views regarding the impact of key investors on the company’s future. The company’s net interest margin (NIM) increased to 4.35% in Q3 2024, compared to 4.29% in the previous quarter. Analysts note that this improvement, along with a strategic focus on funding loan growth through core deposits, positions the company favorably in a competitive market.
| Financial Metrics | Q3 2024 | Q2 2024 | Q3 2023 |
|---|---|---|---|
| Net Income | $10.3 million | $9.0 million | $9.0 million |
| Earnings Per Share (Diluted) | $1.29 | $1.15 | $1.13 |
| Net Interest Margin | 4.35% | 4.29% | 4.34% |
| Quarterly Cash Dividend | $0.27 | $0.27 | $0.27 |
| Shares Repurchased | 97,000 | N/A | N/A |
In summary, the combination of increasing net income, a stable dividend policy, and positive analyst outlooks contributes to a favorable investor sentiment, suggesting that major shareholders are confident in the company's strategic direction and financial health moving forward.
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Article updated on 8 Nov 2024
Resources:
- FS Bancorp, Inc. (FSBW) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of FS Bancorp, Inc. (FSBW)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View FS Bancorp, Inc. (FSBW)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.