JPMorgan Chase & Co. Increases Position in FS Bancorp, Inc. (NASDAQ:FSBW)

JPMorgan Chase & Co. lifted its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 216.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,027 shares of the bank’s stock after buying an additional 12,322 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of FS Bancorp worth $802,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new stake in shares of FS Bancorp in the third quarter worth approximately $62,000. SG Americas Securities LLC purchased a new position in FS Bancorp during the third quarter worth about $103,000. Advisors Asset Management Inc. raised its position in shares of FS Bancorp by 165.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock valued at $184,000 after buying an additional 2,582 shares during the period. Jane Street Group LLC raised 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 valued at $391,000 after buying an additional 2,678 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in FS Bancorp by 92.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock valued at $631,000 after acquiring an additional 6,823 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Stock Down 0.6 %

NASDAQ:FSBW opened at $40.34 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $315.46 million, a price-to-earnings ratio of 9.17 and a beta of 0.96. FS Bancorp, Inc. has a 52 week low of $30.64 and a 52 week high of $49.15. The stock’s fifty day moving average is $43.27 and its two-hundred day moving average is $43.28.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results 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 net margin of 16.97% and a return on equity of 12.35%. Research analysts anticipate that FS Bancorp, Inc. will post 4.45 EPS for the current year.

FS Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.78%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, February 6th. FS Bancorp’s payout ratio is presently 24.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded FS Bancorp from a “buy” rating to a “hold” rating in a research report 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.