FS Bancorp (NASDAQ:FSBW) EVP Donn Costa Sells 1,000 Shares of Stock

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Donn Costa sold 1,000 shares of FS Bancorp stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.69, for a total value of $44,690.00. Following the transaction, the executive vice president directly owned 75,172 shares in the company, valued at approximately $3,359,436.68. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

FS Bancorp Stock Performance

Shares of NASDAQ:FSBW traded down $0.24 during mid-day trading on Friday, reaching $43.55. 20,948 shares of the company traded hands, compared to its average volume of 30,223. The company’s 50 day moving average price is $43.94 and its 200-day moving average price is $42.07. The firm has a market cap of $323.58 million, a PE ratio of 11.49 and a beta of 0.70. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.09. FS Bancorp, Inc. has a 52 week low of $36.66 and a 52 week high of $45.85.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Wednesday, October 21st. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.48). FS Bancorp had a return on equity of 9.39% and a net margin of 12.81%. The firm had revenue of $41.86 million for the quarter, compared to the consensus estimate of $40.70 million. On average, equities analysts expect that FS Bancorp, Inc. will post 3.94 EPS for the current fiscal year.

FS Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. FS Bancorp’s dividend payout ratio is 30.61%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson restated a “neutral” rating and set a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. Brean Capital downgraded shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Monday, July 27th. Zacks Research upgraded FS Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of FS Bancorp in a report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new position in shares of FS Bancorp during the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in FS Bancorp in the third quarter worth $54,000. Bank of America Corp DE bought a new stake in FS Bancorp in the second quarter worth $212,000. NewEdge Advisors LLC purchased a new position in FS Bancorp during the first quarter worth $262,000. Finally, Deutsche Bank AG purchased a new position in FS Bancorp during the second quarter worth $276,000. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. The company serves individuals, families, small and midsized businesses, professionals, and community organizations through its banking and home lending operations.

1st Security Bank provides deposit products, residential and commercial real estate loans, construction and land development financing, commercial and industrial loans, consumer loans, and other traditional banking services.