FS Bancorp, Inc. (NASDAQ:FSBW) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 73.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,140 shares of the bank's stock after selling 22,152 shares during the quarter. Assenagon Asset Management S.A. owned 0.10% of FS Bancorp worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in FS Bancorp by 216.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,027 shares of the bank's stock valued at $802,000 after purchasing an additional 12,322 shares in the last quarter. Barclays PLC boosted its stake in shares of FS Bancorp by 30.0% during the 3rd quarter. Barclays PLC now owns 27,418 shares of the bank's stock valued at $1,220,000 after buying an additional 6,331 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FS Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 154,911 shares of the bank's stock worth $6,894,000 after buying an additional 2,215 shares in the last quarter. Jane Street Group LLC raised its holdings in FS Bancorp by 43.9% in the third quarter. Jane Street Group LLC now owns 8,784 shares of the bank's stock valued at $391,000 after acquiring an additional 2,678 shares in the last quarter. Finally, State Street Corp raised its holdings in FS Bancorp by 4.9% in the third quarter. State Street Corp now owns 113,851 shares of the bank's stock valued at $5,065,000 after acquiring an additional 5,313 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

FS Bancorp Stock Down 0.6 %

NASDAQ FSBW traded down $0.24 on Friday, hitting $40.34. 18,333 shares of the stock traded hands, compared to its average volume of 11,685. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $43.27 and a 200 day moving average of $43.22. FS Bancorp, Inc. has a twelve month low of $30.64 and a twelve month high of $49.15. The company has a market capitalization of $315.46 million, a P/E ratio of 9.17 and a beta of 0.96.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. As a group, analysts expect that FS Bancorp, Inc. will post 4.45 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.28 dividend. The ex-dividend date is Thursday, February 6th. This is a positive change from FS Bancorp's previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.78%. FS Bancorp's payout ratio is 24.55%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of FS Bancorp from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd.

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.