FS Bancorp, Inc. (NASDAQ:FSBW – Get Free Report) EVP Ben Crowl sold 5,399 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $43.78, for a total value of $236,368.22. Following the transaction, the executive vice president directly owned 17 shares in the company, valued at $744.26. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
FS Bancorp Stock Performance
Shares of FSBW traded down $0.64 during midday trading on Friday, reaching $43.15. The stock had a trading volume of 3,416 shares, compared to its average volume of 18,392. The firm has a 50 day simple moving average of $43.92 and a 200-day simple moving average of $42.06. The firm has a market cap of $320.60 million, a PE ratio of 11.39 and a beta of 0.70. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. FS Bancorp, Inc. has a one year low of $36.66 and a one year high of $45.85.
FS Bancorp (NASDAQ:FSBW – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.48). FS Bancorp had a net margin of 12.81% and a return on equity of 9.39%. The business had revenue of $41.86 million during the quarter, compared to the consensus estimate of $40.70 million. As a group, sell-side analysts anticipate that FS Bancorp, Inc. will post 3.94 EPS for the current year.
FS Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. FS Bancorp’s dividend payout ratio is presently 30.61%.
Hedge Funds Weigh In On FS Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc purchased a new stake in FS Bancorp during the second quarter worth about $26,000. Root Financial Partners LLC bought a new position in FS Bancorp in the 3rd quarter worth about $54,000. Bank of America Corp DE bought a new position in shares of FS Bancorp in the 2nd quarter worth $212,000. NewEdge Advisors LLC bought a new stake in FS Bancorp during the first quarter worth about $262,000. Finally, Deutsche Bank AG purchased a new position in shares of FS Bancorp during the second quarter worth approximately $276,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on FSBW. Brean Capital cut FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Monday, July 27th. DA Davidson restated a “neutral” rating and issued a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Zacks Research upgraded FS Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of FS Bancorp in a report on Friday, September 25th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.
View Our Latest Stock Report on FS Bancorp
FS Bancorp Company Profile
FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. The company serves individuals, families, small and midsized businesses, professionals, and community organizations through its banking and home lending operations.
1st Security Bank provides deposit products, residential and commercial real estate loans, construction and land development financing, commercial and industrial loans, consumer loans, and other traditional banking services.
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