Jane Street Group LLC Raises Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

Jane Street Group LLC lifted its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 43.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,784 shares of the bank’s stock after buying an additional 2,678 shares during the quarter. Jane Street Group LLC’s holdings in FS Bancorp were worth $391,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in FS Bancorp in the 3rd quarter valued at $62,000. SG Americas Securities LLC purchased a new stake in shares of FS Bancorp in the third quarter valued at $103,000. Advisors Asset Management Inc. increased its stake in FS Bancorp by 165.1% in the third quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock valued at $184,000 after purchasing an additional 2,582 shares during the last quarter. Rhumbline Advisers lifted its position in FS Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after buying an additional 434 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in FS Bancorp by 92.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock worth $631,000 after buying an additional 6,823 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Price Performance

FSBW stock opened at $39.77 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06. FS Bancorp, Inc. has a 1 year low of $30.64 and a 1 year high of $49.15. The stock has a 50-day simple moving average of $44.70 and a 200-day simple moving average of $42.73. The firm has a market cap of $311.00 million, a P/E ratio of 8.44 and a beta of 0.94.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The company had revenue of $53.01 million for the quarter, compared to analyst estimates of $37.10 million. FS Bancorp had a return on equity of 13.42% and a net margin of 18.28%. On average, equities analysts predict that FS Bancorp, Inc. will post 4.52 earnings per share for the current fiscal year.

FS Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, November 7th. FS Bancorp’s dividend payout ratio is presently 22.93%.

Analyst Upgrades and Downgrades

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