FS Bancorp (NASDAQ:FSBW) EVP Sells $44,690.00 in Stock

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Donn Costa sold 1,000 shares of FS Bancorp stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $44.69, for a total value of $44,690.00. Following the transaction, the executive vice president owned 75,172 shares in the company, valued at approximately $3,359,436.68. The trade was a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FS Bancorp Trading Down 1.5%

NASDAQ:FSBW traded down $0.64 during trading hours on Friday, hitting $43.15. The company had a trading volume of 3,416 shares, compared to its average volume of 18,392. FS Bancorp, Inc. has a 1 year low of $36.66 and a 1 year high of $45.85. The company has a market cap of $320.60 million, a P/E ratio of 11.39 and a beta of 0.70. The company has a 50-day moving average of $43.92 and a 200 day moving average of $42.06. 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 (NASDAQ:FSBW) last announced its quarterly earnings results on Wednesday, October 21st. The bank reported $0.63 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.48). The firm had revenue of $41.86 million for the quarter, compared to analyst estimates of $40.70 million. FS Bancorp had a net margin of 12.81% and a return on equity of 9.39%. Sell-side analysts expect that FS Bancorp, Inc. will post 3.94 earnings per share for the current year.

FS Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 6th. FS Bancorp’s dividend payout ratio (DPR) is presently 30.61%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of FS Bancorp in a report on Friday, September 25th. Zacks Research upgraded shares of FS Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. DA Davidson restated a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a report on Wednesday, July 22nd. Finally, Brean Capital cut shares of 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, FS Bancorp has an average rating of “Hold” and a consensus price target of $45.00.

Hedge Funds Weigh In On FS Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in FS Bancorp in the 3rd quarter valued at about $54,000. Daytona Street Capital LLC lifted its position in shares of FS Bancorp by 1.8% during the third quarter. Daytona Street Capital LLC now owns 38,657 shares of the bank’s stock worth $1,712,000 after purchasing an additional 700 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of FS Bancorp by 15.8% in the second quarter. Squarepoint Ops LLC now owns 13,769 shares of the bank’s stock valued at $598,000 after purchasing an additional 1,874 shares during the period. Empowered Funds LLC acquired a new position in shares of FS Bancorp in the second quarter valued at approximately $1,793,000. Finally, Bank of America Corp DE purchased a new stake in FS Bancorp during the 2nd quarter worth approximately $212,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

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.