FS Bancorp, Inc. (NASDAQ:FSBW) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its position in FS Bancorp, Inc. (NASDAQ:FSBW) by 27.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,909 shares of the bank’s stock after purchasing an additional 851 shares during the quarter. Wells Fargo & Company MN’s holdings in FS Bancorp were worth $161,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of FS Bancorp in the 4th quarter valued at $1,510,000. JPMorgan Chase & Co. lifted its position in FS Bancorp by 108.2% in the fourth quarter. JPMorgan Chase & Co. now owns 37,536 shares of the bank’s stock valued at $1,541,000 after acquiring an additional 19,509 shares during the last quarter. Angel Oak Capital Advisors LLC acquired a new position in FS Bancorp in the fourth quarter valued at $739,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of FS Bancorp by 47.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,995 shares of the bank’s stock worth $862,000 after purchasing an additional 6,804 shares during the last quarter. Finally, Barclays PLC increased 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 purchasing an additional 6,331 shares in the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Stock Performance

Shares of FS Bancorp stock opened at $39.82 on Friday. The firm’s fifty day simple moving average is $37.96 and its 200-day simple moving average is $41.06. FS Bancorp, Inc. has a 12 month low of $31.46 and a 12 month high of $49.15. The stock has a market capitalization of $308.84 million, a price-to-earnings ratio of 9.05 and a beta of 0.72. 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 (NASDAQ:FSBW) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.08. The business had revenue of $36.11 million during the quarter, compared to the consensus estimate of $36.05 million. FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. As a group, equities analysts forecast that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.81%. The ex-dividend date is Thursday, May 8th. FS Bancorp’s payout ratio is 25.75%.

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.