GAMMA Investing LLC Purchases 10,069 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

GAMMA Investing LLC grew its position in FS Bancorp, Inc. (NASDAQ:FSBW) by 12,586.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,149 shares of the bank’s stock after purchasing an additional 10,069 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of FS Bancorp worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of FSBW. Millennium Management LLC raised its stake in FS Bancorp by 96.5% during the 4th quarter. Millennium Management LLC now owns 18,701 shares of the bank’s stock valued at $768,000 after purchasing an additional 9,183 shares during the period. Bank of New York Mellon Corp boosted its stake in FS Bancorp by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 57,722 shares of the bank’s stock valued at $2,370,000 after buying an additional 1,700 shares during the last quarter. Citadel Advisors LLC increased its position in FS Bancorp by 119.9% in the fourth quarter. Citadel Advisors LLC now owns 21,412 shares of the bank’s stock worth $879,000 after purchasing an additional 11,674 shares during the last quarter. Northern Trust Corp increased its stake in FS Bancorp by 3.8% during the fourth quarter. Northern Trust Corp now owns 66,529 shares of the bank’s stock worth $2,732,000 after acquiring an additional 2,446 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in FS Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 155,635 shares of the bank’s stock valued at $6,393,000 after purchasing an additional 724 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of FS Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

FS Bancorp Price Performance

FSBW stock opened at $37.90 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The stock has a market cap of $291.83 million, a PE ratio of 8.71 and a beta of 0.71. FS Bancorp, Inc. has a 12 month low of $32.95 and a 12 month high of $49.15. The company has a 50-day moving average price of $38.93 and a 200 day moving average price of $39.63.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. FS Bancorp had a return on equity of 11.87% and a net margin of 16.63%. The firm had revenue of $36.11 million during the quarter, compared to analyst estimates of $36.05 million. Equities research analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, May 8th. FS Bancorp’s dividend payout ratio is 25.75%.

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.