HighTower Advisors LLC Sells 597 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

HighTower Advisors LLC cut its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,479 shares of the bank’s stock after selling 597 shares during the period. HighTower Advisors LLC’s holdings in FS Bancorp were worth $1,210,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in FS Bancorp in the 4th quarter valued at $1,510,000. Bailard Inc. bought a new stake in FS Bancorp in the fourth quarter valued at $257,000. Bank of New York Mellon Corp raised its stake in FS Bancorp by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 57,722 shares of the bank’s stock worth $2,370,000 after acquiring an additional 1,700 shares in the last quarter. Angel Oak Capital Advisors LLC bought a new position in shares of FS Bancorp during the fourth quarter valued at $739,000. Finally, Empowered Funds LLC lifted its holdings in shares of FS Bancorp by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,211 shares of the bank’s stock valued at $1,487,000 after acquiring an additional 1,692 shares during the period. 63.88% of the stock is currently owned by institutional investors and hedge funds.

FS Bancorp Stock Down 0.9 %

FSBW opened at $37.59 on Wednesday. The firm has a market cap of $291.81 million, a price-to-earnings ratio of 8.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06. The firm’s 50-day simple moving average is $39.06 and its 200-day simple moving average is $42.33. FS Bancorp, Inc. has a twelve month low of $30.64 and a twelve month high of $49.15.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 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%. Equities research analysts anticipate that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 6th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 2.98%. FS Bancorp’s dividend payout ratio is 25.45%.

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.