FS Bancorp (NASDAQ:FSBW) Director Sells $72,367.68 in Stock

FS Bancorp, Inc. (NASDAQ:FSBW) Director Terri Degner sold 1,694 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $42.72, for a total transaction of $72,367.68. Following the transaction, the director owned 2,175 shares of the company’s stock, valued at $92,916. This trade represents a 43.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FS Bancorp Stock Performance

Shares of NASDAQ:FSBW opened at $42.85 on Monday. FS Bancorp, Inc. has a 52 week low of $36.66 and a 52 week high of $45.85. The company’s 50 day moving average is $43.20 and its two-hundred day moving average is $41.41. The company has a market cap of $318.38 million, a PE ratio of 9.87 and a beta of 0.66. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. Equities analysts predict that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. FS Bancorp’s dividend payout ratio is currently 26.73%.

Institutional Trading of FS Bancorp

A number of large investors have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in FS Bancorp in the second quarter valued at approximately $26,000. Russell Investments Group Ltd. grew its position in shares of FS Bancorp by 1,852.8% during the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after acquiring an additional 667 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of FS Bancorp by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock valued at $53,000 after acquiring an additional 679 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of FS Bancorp by 489.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock valued at $78,000 after acquiring an additional 1,644 shares during the period. Finally, California State Teachers Retirement System raised its position in FS Bancorp by 1,016.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,906 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,556 shares during the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Zacks Research lowered shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Brean Capital cut shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.00.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.