FS Bancorp (NASDAQ:FSBW) Director Marina Cofer-Wildsmith Sells 2,371 Shares

FS Bancorp, Inc. (NASDAQ:FSBW) Director Marina Cofer-Wildsmith sold 2,371 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $94,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Marina Cofer-Wildsmith also recently made the following trade(s):

• On Thursday, November 20th, Marina Cofer-Wildsmith sold 161 shares of FS Bancorp stock. The shares were sold at an average price of $40.00, for a total transaction of $6,440.00.
• On Thursday, November 13th, Marina Cofer-Wildsmith sold 3,807 shares of FS Bancorp stock. The stock was sold at an average price of $40.00, for a total transaction of $152,280.00.
• On Friday, November 14th, Marina Cofer-Wildsmith sold 17 shares of FS Bancorp stock. The shares were sold at an average price of $40.05, for a total transaction of $680.85.

FS Bancorp Stock Performance

NASDAQ:FSBW traded up $0.14 during mid-day trading on Monday, hitting $40.44. The stock had a trading volume of 1,127 shares, compared to its average volume of 15,667. FS Bancorp, Inc. has a twelve month low of $34.61 and a twelve month high of $48.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $304.11 million, a price-to-earnings ratio of 9.86 and a beta of 0.78. The company’s 50 day simple moving average is $39.53 and its 200 day simple moving average is $40.02.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. FS Bancorp had a return on equity of 10.84% and a net margin of 15.10%.The company had revenue of $39.28 million during the quarter, compared to analysts’ expectations of $38.15 million. On average, equities research analysts forecast that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, November 6th. FS Bancorp’s payout ratio is 27.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. De Lisle Partners LLP grew its stake in FS Bancorp by 1.5% during the second quarter. De Lisle Partners LLP now owns 385,451 shares of the bank’s stock worth $15,193,000 after buying an additional 5,530 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of FS Bancorp by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock worth $6,434,000 after acquiring an additional 826 shares during the period. Royce & Associates LP boosted its position in shares of FS Bancorp by 35.1% during the 3rd quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock worth $4,126,000 after acquiring an additional 26,840 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in FS Bancorp by 3.1% in the first quarter. Bridgeway Capital Management LLC now owns 87,693 shares of the bank’s stock valued at $3,333,000 after acquiring an additional 2,611 shares during the last quarter. Finally, American Century Companies Inc. raised its position in FS Bancorp by 6.9% during the second quarter. American Century Companies Inc. now owns 85,878 shares of the bank’s stock valued at $3,382,000 after purchasing an additional 5,562 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

Wall Street Analysts Forecast Growth

FSBW has been the topic of several research analyst reports. DA Davidson set a $41.00 price objective on shares of FS Bancorp in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, FS Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.