Insider Selling: FS Bancorp (NASDAQ:FSBW) Director Sells $152,280.00 in Stock

FS Bancorp, Inc. (NASDAQ:FSBW) Director Marina Cofer-Wildsmith sold 3,807 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $40.00, for a total transaction of $152,280.00. Following the completion of the transaction, the director owned 5,590 shares in the company, valued at approximately $223,600. This trade represents a 40.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, November 14th, Marina Cofer-Wildsmith sold 17 shares of FS Bancorp stock. The stock was sold at an average price of $40.05, for a total transaction of $680.85.

FS Bancorp Trading Up 0.1%

Shares of NASDAQ:FSBW opened at $38.91 on Thursday. FS Bancorp, Inc. has a 12-month low of $34.61 and a 12-month high of $48.04. The business has a 50 day moving average of $39.62 and a 200-day moving average of $40.02. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $292.60 million, a PE ratio of 9.49 and a beta of 0.78.

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

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, November 6th. FS Bancorp’s payout ratio is presently 27.32%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FSBW shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of FS Bancorp in a research note on Tuesday, October 14th. DA Davidson set a $41.00 price target on shares of FS Bancorp in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, FS Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Hedge Funds Weigh In On FS Bancorp

Several hedge funds have recently bought and sold shares of FSBW. Royce & Associates LP bought a new stake in shares of FS Bancorp during the 1st quarter worth $617,000. De Lisle Partners LLP raised its stake in FS Bancorp by 1.3% during the first quarter. De Lisle Partners LLP now owns 379,921 shares of the bank’s stock worth $14,462,000 after acquiring an additional 5,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of FS Bancorp by 7.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,595 shares of the bank’s stock worth $859,000 after acquiring an additional 1,600 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of FS Bancorp in the 1st quarter valued at approximately $286,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of FS Bancorp by 23.9% during the 1st quarter. Advisors Asset Management Inc. now owns 8,525 shares of the bank’s stock valued at $324,000 after purchasing an additional 1,647 shares during the last quarter. 63.88% of the stock is owned by institutional investors.

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.