D.A. Davidson & CO. Invests $365,000 in FS Bancorp, Inc. (NASDAQ:FSBW)

D.A. Davidson & CO. acquired a new stake in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,594 shares of the bank's stock, valued at approximately $365,000. D.A. Davidson & CO. owned 0.12% of FS Bancorp at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC raised its stake in FS Bancorp by 96.5% in the 4th quarter. Millennium Management LLC now owns 18,701 shares of the bank's stock worth $768,000 after purchasing an additional 9,183 shares in the last quarter. Bank of New York Mellon Corp raised its stake in FS Bancorp by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 57,722 shares of the bank's stock worth $2,370,000 after purchasing an additional 1,700 shares in the last quarter. Citadel Advisors LLC raised its stake in FS Bancorp by 119.9% in the 4th quarter. Citadel Advisors LLC now owns 21,412 shares of the bank's stock worth $879,000 after purchasing an additional 11,674 shares in the last quarter. Northern Trust Corp raised its stake in FS Bancorp by 3.8% in the 4th quarter. Northern Trust Corp now owns 66,529 shares of the bank's stock worth $2,732,000 after purchasing an additional 2,446 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in FS Bancorp by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 155,635 shares of the bank's stock worth $6,393,000 after purchasing an additional 724 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company's stock.

Analyst Upgrades and Downgrades

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

FS Bancorp Price Performance

Shares of NASDAQ:FSBW traded down $1.53 during midday trading on Tuesday, hitting $40.97. The stock had a trading volume of 7,800 shares, compared to its average volume of 16,843. The company's 50-day moving average price is $39.66 and its 200-day moving average price is $39.19. The company has a market capitalization of $315.46 million, a P/E ratio of 9.42 and a beta of 0.71. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. FS Bancorp, Inc. has a fifty-two week low of $34.61 and a fifty-two week high of $49.15.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. The company had revenue of $36.11 million during the quarter, compared to analysts' expectations of $36.05 million. FS Bancorp had a net margin of 16.63% and a return on equity of 11.87%. As a group, equities research analysts predict that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, May 8th. FS Bancorp's dividend payout ratio (DPR) is presently 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.