FS Bancorp (NASDAQ:FSBW) Director Sells $42,168.75 in Stock

FS Bancorp, Inc. (NASDAQ:FSBW) Director Terri Degner sold 975 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $43.25, for a total value of $42,168.75. Following the completion of the sale, the director directly owned 1,200 shares of the company’s stock, valued at $51,900. The trade was a 44.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

FS Bancorp Stock Up 0.0%

FS Bancorp stock traded up $0.01 during midday trading on Monday, reaching $42.86. The company’s stock had a trading volume of 11,538 shares, compared to its average volume of 15,144. FS Bancorp, Inc. has a 52-week low of $36.66 and a 52-week high of $45.85. The stock has a market capitalization of $318.45 million, a P/E ratio of 9.88 and a beta of 0.66. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.09. The stock’s 50-day simple moving average is $43.20 and its 200-day simple moving average is $41.41.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The company had revenue of $5.24 million for the quarter, compared to the consensus estimate of $38.00 million. On average, sell-side analysts expect that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Announces Dividend

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

Analyst Ratings Changes

FSBW has been the topic of a number of research reports. Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 29th. DA Davidson restated a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Brean Capital lowered shares of 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. Finally, Zacks Research downgraded FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

Hedge Funds Weigh In On FS Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in FS Bancorp during the 2nd quarter worth about $26,000. Russell Investments Group Ltd. lifted its stake in 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 purchasing an additional 667 shares during the last quarter. BNP Paribas Financial Markets boosted 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 buying an additional 679 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in FS Bancorp by 489.3% in the second 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 in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of 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 period. Institutional investors and hedge funds own 63.88% of the company’s stock.

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.