Raymond James Financial Inc. Takes Position in FS Bancorp, Inc. (NASDAQ:FSBW)

Raymond James Financial Inc. bought a new stake in FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 36,780 shares of the bank's stock, valued at approximately $1,510,000. Raymond James Financial Inc. owned 0.47% of FS Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of FS Bancorp by 2.0% during the third quarter. HighTower Advisors LLC now owns 30,076 shares of the bank's stock valued at $1,339,000 after acquiring an additional 597 shares in the last quarter. State Street Corp grew its position in FS Bancorp by 4.9% in the 3rd quarter. State Street Corp now owns 113,851 shares of the bank's stock valued at $5,065,000 after purchasing an additional 5,313 shares during the period. Jane Street Group LLC increased its stake in FS Bancorp by 43.9% during the 3rd quarter. Jane Street Group LLC now owns 8,784 shares of the bank's stock valued at $391,000 after purchasing an additional 2,678 shares in the last quarter. Barclays PLC raised its holdings in FS Bancorp by 30.0% during the third quarter. Barclays PLC now owns 27,418 shares of the bank's stock worth $1,220,000 after buying an additional 6,331 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of FS Bancorp by 1.5% in the third 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 in the last quarter. 63.88% of the stock is owned by institutional investors.

FS Bancorp Stock Up 1.2 %

Shares of NASDAQ:FSBW traded up $0.43 during midday trading on Friday, hitting $36.27. 22,819 shares of the company's stock were exchanged, compared to its average volume of 16,187. 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 12 month low of $30.64 and a 12 month high of $49.15. The company has a market cap of $281.56 million, a PE ratio of 8.24 and a beta of 0.78. The stock has a 50 day moving average price of $38.53 and a 200-day moving average price of $41.99.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. On average, sell-side analysts anticipate that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.28 dividend. This is a positive change from FS Bancorp's previous quarterly dividend of $0.27. The ex-dividend date was Thursday, February 6th. This represents a $1.12 annualized dividend and a dividend yield of 3.09%. FS Bancorp's dividend payout ratio is presently 25.45%.

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.