Jane Street Group LLC Raises Stock Holdings in FS Bancorp, Inc. (NASDAQ:FSBW)

Jane Street Group LLC boosted its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 43.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,784 shares of the bank’s stock after buying an additional 2,678 shares during the quarter. Jane Street Group LLC owned 0.11% of FS Bancorp worth $391,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FSBW. 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 lifted 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 buying an additional 597 shares in the last quarter. Copeland Capital Management LLC purchased a new position in FS Bancorp during the third quarter worth about $62,000. Empowered Funds LLC grew its position in FS Bancorp by 5.3% in 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, SG Americas Securities LLC purchased a new position in FS Bancorp during the third quarter worth about $103,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Stock Down 2.5 %

FSBW stock opened at $39.77 on Wednesday. The company has a market cap of $311.00 million, a price-to-earnings ratio of 8.44 and a beta of 0.94. The company has a fifty day moving average price of $44.70 and a 200 day moving average price of $42.73. 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, Inc. has a 12 month low of $30.64 and a 12 month high of $49.15.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $37.10 million. Sell-side analysts expect that FS Bancorp, Inc. will post 4.52 earnings per share for the current year.

FS Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, November 7th. FS Bancorp’s dividend payout ratio is currently 22.93%.

Analyst Ratings Changes

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

FS Bancorp 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.