FS Bancorp, Inc. (NASDAQ:FSBW) Stock Holdings Lessened by TCW Group Inc.

TCW Group Inc. reduced its holdings in shares of FS Bancorp, Inc. (NASDAQ:FSBW - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,715 shares of the bank's stock after selling 10,243 shares during the quarter. TCW Group Inc. owned 2.22% of FS Bancorp worth $7,133,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in FS Bancorp during the third quarter worth about $103,000. Assenagon Asset Management S.A. grew its holdings in shares of FS Bancorp by 22.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank's stock valued at $1,348,000 after purchasing an additional 5,614 shares during the last quarter. Empowered Funds LLC raised its position in shares of FS Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,519 shares of the bank's stock worth $1,536,000 after purchasing an additional 1,742 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of FS Bancorp by 92.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank's stock worth $631,000 after purchasing an additional 6,823 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in FS Bancorp by 165.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank's stock valued at $184,000 after purchasing an additional 2,582 shares during the period. Institutional investors and hedge funds own 63.88% of the company's stock.

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FS Bancorp Stock Performance

FSBW stock traded down $0.13 on Thursday, reaching $39.08. The company's stock had a trading volume of 10,236 shares, compared to its average volume of 14,775. The company has a market capitalization of $305.50 million, a P/E ratio of 8.88 and a beta of 0.95. 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 52 week low of $30.64 and a 52 week high of $49.15. The firm has a fifty day moving average of $40.36 and a two-hundred day moving average of $43.03.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share (EPS) 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%. As a group, analysts predict 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. Investors of record on Thursday, February 6th were issued a dividend of $0.28 per share. This is a boost 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 yield of 2.87%. FS Bancorp's 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.