FS Bancorp Inc (NASDAQ:FSBW) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 27,000 shares, a decrease of 24.6% from the September 30th total of 35,800 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is currently 2.7 days.

Shares of FS Bancorp stock traded down $0.29 on Friday, reaching $59.47. 4,700 shares of the company were exchanged, compared to its average volume of 13,594. The company has a market capitalization of $266.68 million, a price-to-earnings ratio of 12.73 and a beta of 1.07. FS Bancorp has a one year low of $41.25 and a one year high of $60.31. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $54.38 and a 200 day moving average of $50.72.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The business had revenue of $24.48 million for the quarter, compared to analyst estimates of $23.82 million. FS Bancorp had a return on equity of 12.13% and a net margin of 24.60%. Analysts predict that FS Bancorp will post 5.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.20 dividend. The ex-dividend date was Thursday, October 31st. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.35%. FS Bancorp’s dividend payout ratio (DPR) is 17.13%.

In other FS Bancorp news, insider Robert B. Fuller sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $57.14, for a total transaction of $228,560.00. Following the completion of the transaction, the insider now owns 11,660 shares of the company’s stock, valued at approximately $666,252.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 4,440 shares of company stock valued at $253,846. Insiders own 8.62% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in FS Bancorp by 2.2% in the second quarter. Wells Fargo & Company MN now owns 18,039 shares of the bank’s stock valued at $936,000 after buying an additional 388 shares in the last quarter. Rhumbline Advisers boosted its stake in FS Bancorp by 8.5% in the third quarter. Rhumbline Advisers now owns 5,805 shares of the bank’s stock valued at $305,000 after buying an additional 453 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FS Bancorp by 5.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,434 shares of the bank’s stock valued at $490,000 after buying an additional 489 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new position in FS Bancorp in the third quarter valued at about $32,000. Finally, Northern Trust Corp raised its position in FS Bancorp by 2.4% in the second quarter. Northern Trust Corp now owns 45,857 shares of the bank’s stock valued at $2,379,000 after purchasing an additional 1,066 shares during the last quarter. 58.20% of the stock is currently owned by institutional investors and hedge funds.

FSBW has been the subject of a number of recent research reports. Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, October 8th. ValuEngine downgraded FS Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. DA Davidson reaffirmed a “neutral” rating on shares of FS Bancorp in a research report on Tuesday, July 30th. Finally, BidaskClub upgraded FS Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.00.

FS Bancorp Company Profile

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.

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