Citadel Advisors LLC Grows Stake in FS Bancorp, Inc. (NASDAQ:FSBW)

Citadel Advisors LLC grew its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 119.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,412 shares of the bank's stock after buying an additional 11,674 shares during the quarter. Citadel Advisors LLC owned approximately 0.27% of FS Bancorp worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSBW. SG Americas Securities LLC grew its stake in shares of FS Bancorp by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 2,756 shares of the bank's stock worth $113,000 after purchasing an additional 433 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in FS Bancorp by 0.6% in the fourth quarter. Renaissance Technologies LLC now owns 118,385 shares of the bank's stock valued at $4,861,000 after buying an additional 685 shares during the period. Geode Capital Management LLC lifted its holdings in FS Bancorp by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 155,635 shares of the bank's stock valued at $6,393,000 after buying an additional 724 shares during the period. Tower Research Capital LLC TRC lifted its holdings in FS Bancorp by 354.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,026 shares of the bank's stock valued at $42,000 after buying an additional 800 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in FS Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,909 shares of the bank's stock valued at $161,000 after buying an additional 851 shares during the period. Institutional investors own 63.88% of the company's stock.

FS Bancorp Stock Down 0.6%

Shares of NASDAQ FSBW traded down $0.23 during trading on Friday, hitting $38.81. 11,613 shares of the company traded hands, compared to its average volume of 17,026. The business's fifty day moving average is $38.73 and its 200 day moving average is $40.45. FS Bancorp, Inc. has a fifty-two week low of $31.81 and a fifty-two week high of $49.15. The firm has a market capitalization of $298.72 million, a price-to-earnings ratio of 8.82 and a beta of 0.72. 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 (NASDAQ:FSBW - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.01 EPS for the quarter, beating the consensus estimate of $0.93 by $0.08. FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%. The firm had revenue of $36.11 million during the quarter, compared to the consensus estimate of $36.05 million. Equities research analysts predict that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.89%. FS Bancorp's payout ratio is presently 25.75%.

Wall Street Analysts Forecast Growth

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

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.