TCW Group Inc. Cuts Stock Position in FS Bancorp, Inc. (NASDAQ:FSBW)

Key Points

• TCW Group Inc. reduced its stake in FS Bancorp by 5%, owning 165,029 shares worth approximately $6.27 million after the sale.
• FS Bancorp reported an earnings per share (EPS) of $0.99 for the last quarter, surpassing estimates of $0.97, while forecasting a full-year EPS of 4.26.
• The company announced a quarterly dividend of $0.28 per share, with a yield of 2.73%, set to be paid on August 21st to shareholders of record by August 7th.

TCW Group Inc. reduced its stake in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,029 shares of the bank's stock after selling 8,686 shares during the period. TCW Group Inc. owned approximately 2.13% of FS Bancorp worth $6,273,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in FS Bancorp during the fourth quarter valued at $1,510,000. JPMorgan Chase & Co. boosted its stake in FS Bancorp by 108.2% during the fourth quarter. JPMorgan Chase & Co. now owns 37,536 shares of the bank's stock valued at $1,541,000 after buying an additional 19,509 shares during the period. Royce & Associates LP bought a new stake in FS Bancorp during the first quarter valued at $617,000. Citadel Advisors LLC boosted its stake in FS Bancorp by 119.9% during the fourth quarter. Citadel Advisors LLC now owns 21,412 shares of the bank's stock valued at $879,000 after buying an additional 11,674 shares during the period. Finally, GAMMA Investing LLC boosted its stake in FS Bancorp by 12,586.3% during the first quarter. GAMMA Investing LLC now owns 10,149 shares of the bank's stock valued at $386,000 after buying an additional 10,069 shares during the period. 63.88% of the stock is owned by institutional investors.

FS Bancorp Trading Down 2.2%

Shares of NASDAQ FSBW traded down $0.89 during midday trading on Thursday, reaching $38.92. The company had a trading volume of 7,328 shares, compared to its average volume of 15,671. FS Bancorp, Inc. has a one year low of $34.61 and a one year high of $49.15. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The firm's fifty day moving average price is $39.92 and its 200-day moving average price is $39.28. The stock has a market cap of $299.68 million, a PE ratio of 9.24 and a beta of 0.71.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. FS Bancorp had a return on equity of 11.35% and a net margin of 15.88%. The company had revenue of $37.28 million for the quarter, compared to the consensus estimate of $36.55 million. On average, equities research analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.88%. FS Bancorp's dividend payout ratio (DPR) is 26.60%.

Wall Street Analyst Weigh In

FSBW has been the subject of several research analyst reports. Wall Street Zen raised FS Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. DA Davidson lifted their price target on FS Bancorp from $41.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th.

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.