JPMorgan Chase & Co. Has $802,000 Stock Holdings in FS Bancorp, Inc. (NASDAQ:FSBW)

JPMorgan Chase & Co. lifted its stake in shares of FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 216.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,027 shares of the bank's stock after purchasing an additional 12,322 shares during the period. JPMorgan Chase & Co. owned about 0.23% of FS Bancorp worth $802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its holdings in FS Bancorp by 2.0% in the third quarter. HighTower Advisors LLC now owns 30,076 shares of the bank's stock worth $1,339,000 after purchasing an additional 597 shares during the period. Copeland Capital Management LLC acquired a new position in shares of FS Bancorp in the 3rd quarter valued at about $62,000. Empowered Funds LLC boosted its holdings in shares of FS Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 34,519 shares of the bank's stock valued at $1,536,000 after buying an additional 1,742 shares during the period. Geode Capital Management LLC grew its position in shares of FS Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 154,911 shares of the bank's stock valued at $6,894,000 after buying an additional 2,215 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of FS Bancorp in the 3rd quarter worth approximately $103,000. 63.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

FS Bancorp Price Performance

FSBW stock traded up $0.76 during trading hours on Monday, hitting $41.10. 22,127 shares of the stock traded hands, compared to its average volume of 15,727. 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 simple moving average of $43.17 and a 200 day simple moving average of $43.31. FS Bancorp, Inc. has a one year low of $30.64 and a one year high of $49.15. The company has a market cap of $321.40 million, a P/E ratio of 9.34 and a beta of 0.96.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings data 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 return on equity of 12.35% and a net margin of 16.97%. Equities analysts forecast that FS Bancorp, Inc. will post 4.45 earnings per share for the current year.

FS Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.28 per share. 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 2.73%. FS Bancorp's dividend payout ratio (DPR) is currently 24.55%.

FS Bancorp Company 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.