TCW Group Inc. Sells 10,243 Shares of FS Bancorp, Inc. (NASDAQ:FSBW)

TCW Group Inc. decreased its position in shares of FS Bancorp, Inc. (NASDAQ:FSBW) by 5.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 173,715 shares of the bank’s stock after selling 10,243 shares during the quarter. TCW Group Inc. owned approximately 2.22% of FS Bancorp worth $7,133,000 at the end of the most recent quarter.

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

FS Bancorp Stock Down 1.4 %

Shares of FSBW stock opened at $38.25 on Monday. The company’s fifty day simple moving average is $40.68 and its two-hundred day simple moving average is $43.09. FS Bancorp, Inc. has a 52 week low of $30.64 and a 52 week high of $49.15. The stock has a market cap of $299.12 million, a P/E ratio of 8.69 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results 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%. Analysts predict that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.93%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 6th. FS Bancorp’s dividend payout ratio is 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.