Insider Selling: FS Bancorp (NASDAQ:FSBW) Director Sells 1,694 Shares of Stock

FS Bancorp, Inc. (NASDAQ:FSBWGet Free Report) Director Terri Degner sold 1,694 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $42.72, for a total transaction of $72,367.68. Following the transaction, the director directly owned 2,175 shares of the company’s stock, valued at approximately $92,916. This trade represents a 43.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

FS Bancorp Trading Up 1.1%

Shares of NASDAQ FSBW traded up $0.48 during trading hours on Friday, hitting $43.18. The company’s stock had a trading volume of 11,877 shares, compared to its average volume of 15,082. FS Bancorp, Inc. has a 12 month low of $36.66 and a 12 month high of $45.85. The stock has a market cap of $320.83 million, a price-to-earnings ratio of 9.95 and a beta of 0.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10. The business has a 50-day simple moving average of $43.17 and a 200-day simple moving average of $41.40.

FS Bancorp (NASDAQ:FSBWGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%.The business had revenue of $5.24 million during the quarter, compared to analyst estimates of $38.00 million. On average, analysts anticipate that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

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

Analysts Set New Price Targets

FSBW has been the topic of several recent analyst reports. Brean Capital cut 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. Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Zacks Research lowered shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, 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. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.00.

Check Out Our Latest Stock Report on FS Bancorp

Hedge Funds Weigh In On FS Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in shares of FS Bancorp by 1,016.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,906 shares of the bank’s stock valued at $170,000 after buying an additional 3,556 shares in the last quarter. Empowered Funds LLC bought a new position in shares of FS Bancorp in the 2nd quarter worth about $1,793,000. Bank of America Corp DE purchased a new position in FS Bancorp during the 2nd quarter valued at about $212,000. Legal & General Group Plc bought a new stake in FS Bancorp during the second quarter worth about $26,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in FS Bancorp during the second quarter worth about $893,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.

About FS Bancorp

(Get Free Report)

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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