FS Bancorp, Inc. (NASDAQ:FSBW – Get Free Report) Director Terri Degner sold 975 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $43.25, for a total transaction of $42,168.75. Following the transaction, the director directly owned 1,200 shares in the company, valued at $51,900. The trade was a 44.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
FS Bancorp Stock Up 1.6%
NASDAQ:FSBW opened at $43.11 on Thursday. The company has a market capitalization of $320.31 million, a price-to-earnings ratio of 9.93 and a beta of 0.66. FS Bancorp, Inc. has a one year low of $36.66 and a one year high of $45.85. The stock has a 50-day simple moving average of $43.21 and a 200 day simple moving average of $41.43. 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 (NASDAQ:FSBW – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $5.24 million for the quarter, compared to analysts’ expectations of $38.00 million. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%. Sell-side analysts predict that FS Bancorp, Inc. will post 4.34 EPS for the current fiscal year.
FS Bancorp Announces Dividend
Institutional Investors Weigh In On FS Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in FS Bancorp in the 2nd quarter valued at about $21,213,000. De Lisle Partners LLP bought a new stake in shares of FS Bancorp during the 2nd quarter worth about $16,956,000. Bank of New York Mellon Corp acquired a new stake in shares of FS Bancorp in the 2nd quarter worth approximately $2,150,000. Empowered Funds LLC bought a new position in shares of FS Bancorp in the second quarter valued at approximately $1,793,000. Finally, Siena Capital Partners GP LLC boosted its holdings in shares of FS Bancorp by 156.1% in the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock valued at $2,159,000 after acquiring an additional 31,965 shares in the last quarter. 63.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on FSBW shares. Zacks Research lowered shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. DA Davidson reiterated a “neutral” rating and set a $45.00 price target on shares of FS Bancorp in a research report on Wednesday, July 22nd. Brean Capital lowered FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.
View Our Latest Research Report on FSBW
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.
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