Geode Capital Management LLC Increases Stock Position in FS Bancorp, Inc. (NASDAQ:FSBW)

Geode Capital Management LLC grew its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,911 shares of the bank’s stock after purchasing an additional 2,215 shares during the period. Geode Capital Management LLC owned approximately 1.98% of FS Bancorp worth $6,894,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC grew its holdings in FS Bancorp by 30.0% during the third quarter. Barclays PLC now owns 27,418 shares of the bank’s stock worth $1,220,000 after acquiring an additional 6,331 shares during the period. Jane Street Group LLC boosted its position in shares of FS Bancorp by 43.9% during the 3rd 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 in the last quarter. State Street Corp grew its stake in shares of FS Bancorp by 4.9% during the 3rd quarter. State Street Corp now owns 113,851 shares of the bank’s stock worth $5,065,000 after purchasing an additional 5,313 shares during the period. HighTower Advisors LLC increased its holdings in shares of FS Bancorp by 2.0% in the 3rd quarter. HighTower Advisors LLC now owns 30,076 shares of the bank’s stock valued at $1,339,000 after purchasing an additional 597 shares in the last quarter. Finally, De Lisle Partners LLP lifted its stake in shares of FS Bancorp by 34.0% in the third quarter. De Lisle Partners LLP now owns 358,765 shares of the bank’s stock valued at $15,982,000 after purchasing an additional 91,123 shares during the period. 63.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FS Bancorp Stock Performance

NASDAQ FSBW opened at $40.69 on Friday. The business has a 50 day moving average price of $44.90 and a 200 day moving average price of $42.49. The company has a market capitalization of $318.07 million, a P/E ratio of 8.64 and a beta of 0.94. 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.

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

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, November 7th. FS Bancorp’s payout ratio is currently 22.93%.

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.