Terri Degner Sells 1,694 Shares of FS Bancorp (NASDAQ:FSBW) Stock

FS Bancorp, Inc. (NASDAQ:FSBW) 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 $92,916. This represents a 43.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

FS Bancorp Stock Up 0.4%

FSBW stock opened at $42.85 on Friday. FS Bancorp, Inc. has a twelve month low of $36.66 and a twelve month high of $45.85. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17. The company has a market cap of $318.46 million, a PE ratio of 9.87 and a beta of 0.66. The business’s 50-day simple moving average is $43.20 and its 200 day simple moving average is $41.41.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $5.24 million for the quarter, compared to analyst estimates of $38.00 million. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%. On average, research analysts anticipate that FS Bancorp, Inc. will post 4.34 earnings per share for the current year.

FS Bancorp Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on FSBW. DA Davidson reiterated a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Zacks Research cut shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Finally, Brean Capital cut FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FS Bancorp presently has an average rating of “Hold” and an average target price of $45.00.

Institutional Investors Weigh In On FS Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of FS Bancorp during the second quarter valued at approximately $21,213,000. De Lisle Partners LLP bought a new position in FS Bancorp in the 2nd quarter worth approximately $16,956,000. Bank of New York Mellon Corp acquired a new position in FS Bancorp during the 2nd quarter worth $2,150,000. Empowered Funds LLC acquired a new stake in shares of FS Bancorp in the 2nd quarter valued at $1,793,000. Finally, Siena Capital Partners GP LLC lifted its stake in shares of FS Bancorp by 156.1% during the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock valued at $2,159,000 after acquiring an additional 31,965 shares during the period. 63.88% of the stock is owned by institutional investors and hedge funds.

About FS Bancorp

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.