GAMMA Investing LLC Buys 10,069 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

GAMMA Investing LLC raised its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 12,586.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,149 shares of the bank's stock after buying an additional 10,069 shares during the quarter. GAMMA Investing LLC owned about 0.13% of FS Bancorp worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in FS Bancorp by 354.0% during the 4th 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 in the last quarter. Wells Fargo & Company MN grew its holdings in FS Bancorp by 27.8% during the 4th 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 in the last quarter. Lazard Asset Management LLC grew its holdings in FS Bancorp by 55.5% during the 4th quarter. Lazard Asset Management LLC now owns 4,190 shares of the bank's stock valued at $172,000 after buying an additional 1,495 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in FS Bancorp by 23.6% during the 4th quarter. BNP Paribas Financial Markets now owns 5,728 shares of the bank's stock valued at $235,000 after buying an additional 1,094 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in FS Bancorp during the 4th quarter valued at approximately $257,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FS Bancorp Price Performance

Shares of NASDAQ FSBW traded up $0.57 during midday trading on Monday, reaching $38.74. 20,151 shares of the stock traded hands, compared to its average volume of 17,341. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $298.30 million, a PE ratio of 8.91 and a beta of 0.71. FS Bancorp, Inc. has a one year low of $33.18 and a one year high of $49.15. The company's 50 day moving average is $38.96 and its 200 day moving average is $39.43.

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

FS Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.28 per share. 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 dividend payout ratio is currently 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.