FS Bancorp, Inc. (NASDAQ:FSBW) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in FS Bancorp, Inc. (NASDAQ:FSBW) by 73.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,140 shares of the bank’s stock after selling 22,152 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FS Bancorp were worth $334,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers boosted its holdings 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 in the last quarter. HighTower Advisors LLC boosted its position in FS Bancorp by 2.0% during the third quarter. HighTower Advisors LLC now owns 30,076 shares of the bank’s stock worth $1,339,000 after purchasing an additional 597 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in FS Bancorp in the 3rd quarter valued at $62,000. Empowered Funds LLC raised its position in FS Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 34,519 shares of the bank’s stock worth $1,536,000 after acquiring an additional 1,742 shares during the period. Finally, Geode Capital Management LLC raised its position in FS Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 154,911 shares of the bank’s stock worth $6,894,000 after acquiring an additional 2,215 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.

FS Bancorp Stock Performance

Shares of NASDAQ:FSBW opened at $40.34 on Friday. FS Bancorp, Inc. has a 1 year low of $30.64 and a 1 year high of $49.15. 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 business’s 50 day moving average price is $43.27 and its 200-day moving average price is $43.22. The firm has a market capitalization of $315.34 million, a PE ratio of 9.17 and a beta of 0.96.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that FS Bancorp, Inc. will post 4.45 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, February 6th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.27. FS Bancorp’s payout ratio is presently 25.45%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.