Geode Capital Management LLC Raises Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

Geode Capital Management LLC lifted its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 154,911 shares of the bank’s stock after buying an additional 2,215 shares during the period. Geode Capital Management LLC’s holdings in FS Bancorp were worth $6,894,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in FS Bancorp in the 3rd quarter valued at $62,000. SG Americas Securities LLC acquired a new position in FS Bancorp in the third quarter valued at $103,000. Advisors Asset Management Inc. increased its stake in FS Bancorp by 165.1% in the third quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock valued at $184,000 after purchasing an additional 2,582 shares during the last quarter. Rhumbline Advisers lifted its position in FS Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after buying an additional 434 shares during the period. Finally, Jane Street Group LLC boosted its stake in FS Bancorp by 43.9% in the 3rd quarter. Jane Street Group LLC now owns 8,784 shares of the bank’s stock worth $391,000 after buying an additional 2,678 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Stock Performance

NASDAQ:FSBW opened at $40.69 on Friday. The company has a market cap of $318.07 million, a P/E ratio of 8.64 and a beta of 0.94. The firm’s 50 day moving average is $44.90 and its two-hundred day moving average is $42.49. FS Bancorp, Inc. has a fifty-two week low of $30.64 and a fifty-two week high of $49.15. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. The business had revenue of $53.01 million during the quarter, compared to the consensus estimate of $37.10 million. Analysts expect that FS Bancorp, Inc. will post 4.52 EPS for the current year.

FS Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.27 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.65%. FS Bancorp’s dividend payout ratio (DPR) is 22.93%.

Wall Street Analysts Forecast Growth

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

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.