FS Bancorp (NASDAQ:FSBW) Stock: Insider Ben Crowl Sells 5,399 Shares

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Ben Crowl sold 5,399 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 17 shares of the company’s stock, valued at $744.26. This trade represents a 99.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

FS Bancorp Price Performance

Shares of FS Bancorp stock opened at $43.55 on Friday. FS Bancorp, Inc. has a one year low of $36.66 and a one year high of $45.85. The stock’s fifty day moving average is $43.94 and its 200 day moving average is $42.07. The stock has a market cap of $323.58 million, a P/E ratio of 11.49 and a beta of 0.70. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results 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). The company had revenue of $41.86 million for the quarter, compared to the consensus estimate of $40.70 million. FS Bancorp had a net margin of 12.81% and a return on equity of 9.39%. Sell-side analysts anticipate that FS Bancorp, Inc. will post 3.94 earnings per share for the current year.

FS Bancorp Announces Dividend

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

Institutional Trading of FS Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in FS Bancorp in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in FS Bancorp during the 3rd quarter valued at approximately $54,000. Bank of America Corp DE bought a new stake in shares of FS Bancorp during the second quarter valued at approximately $212,000. Deutsche Bank AG bought a new stake in shares of FS Bancorp during the second quarter valued at approximately $276,000. Finally, NewEdge Advisors LLC bought a new stake in shares of FS Bancorp during the first quarter valued at approximately $262,000. Institutional investors own 63.88% of the company’s stock.

Analyst Ratings Changes

FSBW has been the subject of a number of recent research reports. Brean Capital downgraded FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Monday, July 27th. DA Davidson reaffirmed a “neutral” rating and set a $45.00 price target on shares of FS Bancorp in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of FS Bancorp in a research report on Friday, September 25th. Finally, Zacks Research upgraded shares of FS Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.00.

About FS Bancorp

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.