Insider Selling: FS Bancorp (NASDAQ:FSBW) EVP Sells 5,399 Shares of Company Stock

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Ben Crowl sold 5,399 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $43.78, for a total transaction of $236,368.22. Following the completion of the sale, the executive vice president owned 17 shares of the company’s stock, valued at approximately $744.26. The trade was a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

FS Bancorp Trading Down 1.5%

FS Bancorp stock traded down $0.64 during midday trading on Friday, reaching $43.15. The stock had a trading volume of 3,416 shares, compared to its average volume of 18,392. The stock’s 50-day simple moving average is $43.92 and its 200 day simple moving average is $42.06. The stock has a market capitalization of $320.60 million, a PE ratio of 11.39 and a beta of 0.70. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10. FS Bancorp, Inc. has a twelve month low of $36.66 and a twelve month high of $45.85.

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

FS Bancorp Dividend Announcement

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, November 6th. FS Bancorp’s dividend payout ratio is 30.61%.

Analyst Upgrades and Downgrades

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

Institutional Trading of FS Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in FS Bancorp by 6.0% during the 1st quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock worth $233,000 after acquiring an additional 343 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of FS Bancorp during the 2nd quarter worth about $26,000. Daytona Street Capital LLC boosted its position in shares of FS Bancorp by 1.8% during the third quarter. Daytona Street Capital LLC now owns 38,657 shares of the bank’s stock worth $1,712,000 after purchasing an additional 700 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of FS Bancorp during the third quarter worth about $54,000. Finally, Aristides Capital LLC increased its position in shares of FS Bancorp by 4.2% during the first quarter. Aristides Capital LLC now owns 34,437 shares of the bank’s stock worth $1,329,000 after acquiring an additional 1,396 shares in the last quarter. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

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.