FS Bancorp, Inc. (NASDAQ:FSBW) Stake Increased by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,211 shares of the bank’s stock after purchasing an additional 1,692 shares during the period. Empowered Funds LLC owned about 0.46% of FS Bancorp worth $1,487,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FSBW. SG Americas Securities LLC grew its position in shares of FS Bancorp by 18.6% during the fourth quarter. SG Americas Securities LLC now owns 2,756 shares of the bank’s stock worth $113,000 after acquiring an additional 433 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of FS Bancorp by 216.0% during the third quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank’s stock worth $802,000 after acquiring an additional 12,322 shares during the last quarter. Barclays PLC grew its position in shares of 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 last quarter. Geode Capital Management LLC grew its position in shares of 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 last quarter. Finally, Jane Street Group LLC grew its position in shares of FS Bancorp by 43.9% during the third quarter. Jane Street Group LLC now owns 8,784 shares of the bank’s stock worth $391,000 after acquiring an additional 2,678 shares during the last quarter. Institutional investors own 63.88% of the company’s stock.

FS Bancorp Stock Performance

FSBW stock opened at $39.04 on Friday. The company has a market capitalization of $305.18 million, a P/E ratio of 8.87 and a beta of 0.95. The company has a 50-day simple moving average of $41.35 and a 200 day simple moving average of $43.16. 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 issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. Sell-side analysts predict that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.87%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, February 6th. FS Bancorp’s dividend payout ratio is presently 25.45%.

Wall Street Analysts Forecast Growth

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

About FS Bancorp

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.