FS Bancorp (NASDAQ:FSBW) Director Terri Degner Sells 975 Shares of Stock

FS Bancorp, Inc. (NASDAQ:FSBW) Director Terri Degner sold 975 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $43.25, for a total value of $42,168.75. Following the completion of the sale, the director owned 1,200 shares of the company’s stock, valued at approximately $51,900. The trade was a 44.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

FS Bancorp Stock Down 1.3%

FSBW stock opened at $42.30 on Tuesday. The business’s 50-day moving average price is $43.21 and its 200-day moving average price is $41.42. The stock has a market cap of $314.29 million, a P/E ratio of 9.75 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17. FS Bancorp, Inc. has a twelve month low of $36.66 and a twelve month high of $45.85.

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

FS Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of FS Bancorp in the second quarter worth about $21,213,000. Dimensional Fund Advisors LP grew its holdings in FS Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock valued at $17,224,000 after buying an additional 1,727 shares in the last quarter. De Lisle Partners LLP purchased a new position in FS Bancorp during the 2nd quarter valued at approximately $16,956,000. Geode Capital Management LLC grew its holdings in FS Bancorp by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after buying an additional 826 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in FS Bancorp by 2.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock worth $3,429,000 after acquiring an additional 1,731 shares during the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FSBW shares. Brean Capital cut 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 report on Monday, June 29th. Zacks Research cut shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, DA Davidson reiterated a “neutral” rating and set a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

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.