Raymond James & Associates Decreases Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

Raymond James & Associates cut its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,692 shares of the bank’s stock after selling 3,781 shares during the period. Raymond James & Associates owned approximately 0.55% of FS Bancorp worth $1,578,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FSBW. UBS Group AG raised its holdings in shares of FS Bancorp by 103.2% during the 1st quarter. UBS Group AG now owns 1,443 shares of the bank’s stock worth $43,000 after acquiring an additional 733 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in FS Bancorp in the third quarter worth $46,000. BNP Paribas Arbitrage SNC raised its stake in FS Bancorp by 2,203.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 1,797 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,719 shares in the last quarter. California State Teachers Retirement System bought a new position in FS Bancorp during the second quarter valued at $66,000. Finally, Wells Fargo & Company MN lifted its position in FS Bancorp by 5,155.1% during the second quarter. Wells Fargo & Company MN now owns 2,575 shares of the bank’s stock valued at $77,000 after purchasing an additional 2,526 shares during the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

FS Bancorp Trading Up 0.1 %

Shares of FSBW stock opened at $30.91 on Friday. The company has a market cap of $241.41 million, a PE ratio of 6.78 and a beta of 0.92. FS Bancorp, Inc. has a 1 year low of $26.08 and a 1 year high of $38.70. The stock’s 50 day simple moving average is $33.09 and its two-hundred day simple moving average is $32.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.21. The company had revenue of $35.91 million for the quarter, compared to analyst estimates of $34.80 million. FS Bancorp had a return on equity of 15.16% and a net margin of 19.21%. Research analysts predict that FS Bancorp, Inc. will post 4.22 earnings per share for the current year.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.26 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.04 annualized dividend and a dividend yield of 3.36%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.25. FS Bancorp’s dividend payout ratio is currently 22.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, April 11th.

FS Bancorp Company 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.