FS Bancorp, Inc. (NASDAQ:FSBW) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 42,692 shares of the bank’s stock after selling 3,781 shares during the period. Raymond James & Associates’ holdings in FS Bancorp were worth $1,578,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. UBS Group AG boosted its position in FS Bancorp by 188.8% during the third quarter. UBS Group AG now owns 1,522 shares of the bank’s stock worth $41,000 after acquiring an additional 995 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in FS Bancorp in the 3rd quarter worth approximately $46,000. BNP Paribas Arbitrage SNC lifted its stake in FS Bancorp by 2,203.8% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,797 shares of the bank’s stock worth $54,000 after purchasing an additional 1,719 shares in the last quarter. California State Teachers Retirement System acquired a new position in shares of FS Bancorp during the 2nd quarter worth approximately $66,000. Finally, Wells Fargo & Company MN grew its position in shares of FS Bancorp by 5,155.1% in the second quarter. Wells Fargo & Company MN now owns 2,575 shares of the bank’s stock valued at $77,000 after purchasing an additional 2,526 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

FS Bancorp Trading Up 0.1 %

Shares of FSBW stock opened at $30.91 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. FS Bancorp, Inc. has a twelve month low of $26.08 and a twelve month high of $38.70. The company’s 50-day moving average price is $33.09 and its 200-day moving average price is $32.97. The stock has a market cap of $241.41 million, a price-to-earnings ratio of 6.78 and a beta of 0.92.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Wednesday, January 24th. The bank reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.21. FS Bancorp had a net margin of 19.21% and a return on equity of 15.16%. The company had revenue of $35.91 million for the quarter, compared to the consensus estimate of $34.80 million. As a group, equities analysts predict that FS Bancorp, Inc. will post 4.22 earnings per share for the current year.

FS Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a $0.26 dividend. The ex-dividend date was Wednesday, February 7th. This is a boost from FS Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 3.36%. FS Bancorp’s dividend payout ratio is currently 22.81%.

Analysts Set New Price Targets

Separately, StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th.

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.