Raymond James Financial Inc. Invests $1.51 Million in FS Bancorp, Inc. (NASDAQ:FSBW)

Raymond James Financial Inc. purchased a new position in shares of FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,780 shares of the bank's stock, valued at approximately $1,510,000. Raymond James Financial Inc. owned about 0.47% of FS Bancorp at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC grew its position in FS Bancorp by 43.9% in the third quarter. Jane Street Group LLC now owns 8,784 shares of the bank's stock worth $391,000 after acquiring an additional 2,678 shares during the period. JPMorgan Chase & Co. boosted its position in FS Bancorp by 216.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank's stock valued at $802,000 after buying an additional 12,322 shares during the period. Bank of New York Mellon Corp increased its holdings in FS Bancorp by 3.0% during 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 during the period. Barclays PLC grew its holdings in FS Bancorp by 30.0% during the 3rd quarter. Barclays PLC now owns 27,418 shares of the bank's stock worth $1,220,000 after acquiring an additional 6,331 shares in the last quarter. Finally, Geode Capital Management LLC increased 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 last quarter. Hedge funds and other institutional investors own 63.88% of the company's stock.

FS Bancorp Stock Down 3.0 %

Shares of FS Bancorp stock traded down $1.17 during trading hours on Thursday, hitting $38.19. The company had a trading volume of 1,778 shares, compared to its average volume of 16,695. The company's 50-day moving average is $37.91 and its two-hundred day moving average is $41.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.04. FS Bancorp, Inc. has a twelve month low of $31.20 and a twelve month high of $49.15. The company has a market cap of $296.20 million, a P/E ratio of 8.68 and a beta of 0.72.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.08. The company had revenue of $36.11 million for the quarter, compared to analyst estimates of $36.05 million. FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. Analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.12 annualized dividend and a yield of 2.93%. FS Bancorp's 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.