T. Rowe Price Investment Management Inc. Buys 4,854 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

T. Rowe Price Investment Management Inc. boosted its stake in FS Bancorp, Inc. (NASDAQ:FSBW) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,650 shares of the bank’s stock after purchasing an additional 4,854 shares during the period. T. Rowe Price Investment Management Inc. owned about 13.13% of FS Bancorp worth $42,155,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of FS Bancorp by 354.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,026 shares of the bank’s stock valued at $42,000 after acquiring an additional 800 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of FS Bancorp by 18.6% during the fourth quarter. SG Americas Securities LLC now owns 2,756 shares of the bank’s stock valued at $113,000 after purchasing an additional 433 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of FS Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,909 shares of the bank’s stock worth $161,000 after purchasing an additional 851 shares during the last quarter. Bailard Inc. bought a new stake in shares of FS Bancorp during the fourth quarter worth about $257,000. Finally, Jane Street Group LLC increased its stake in shares of 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 buying an additional 2,678 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Stock Down 2.6 %

NASDAQ:FSBW opened at $38.32 on Friday. 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 one year low of $31.11 and a one year high of $49.15. The firm’s 50 day simple moving average is $37.82 and its 200 day simple moving average is $41.35. The company has a market cap of $297.21 million, a PE ratio of 8.71 and a beta of 0.78.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.01 EPS for the quarter, topping 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%. On average, research analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.92%. FS Bancorp’s dividend payout ratio (DPR) is 25.75%.

FS Bancorp 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.