Marina Cofer-Wildsmith Sells 3,807 Shares of FS Bancorp (NASDAQ:FSBW) Stock

FS Bancorp, Inc. (NASDAQ:FSBW) Director Marina Cofer-Wildsmith sold 3,807 shares of FS Bancorp stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $40.00, for a total value of $152,280.00. Following the sale, the director directly owned 5,590 shares in the company, valued at $223,600. The trade was a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Marina Cofer-Wildsmith also recently made the following trade(s):

• On Friday, November 14th, Marina Cofer-Wildsmith sold 17 shares of FS Bancorp stock. The stock was sold at an average price of $40.05, for a total value of $680.85.

FS Bancorp Price Performance

Shares of FS Bancorp stock traded down $0.62 during midday trading on Monday, hitting $39.24. 4,388 shares of the company were exchanged, compared to its average volume of 15,719. The firm has a 50 day simple moving average of $39.79 and a 200-day simple moving average of $40.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market cap of $295.08 million, a P/E ratio of 9.54 and a beta of 0.78. FS Bancorp, Inc. has a 52 week low of $34.61 and a 52 week high of $48.04.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Tuesday, October 21st. The bank reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $39.28 million for the quarter, compared to analysts’ expectations of $38.15 million. FS Bancorp had a return on equity of 10.84% and a net margin of 15.10%. Research analysts forecast that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, November 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.9%. FS Bancorp’s dividend payout ratio (DPR) is 27.32%.

Hedge Funds Weigh In On FS Bancorp

Institutional investors have recently modified their holdings of the stock. Royce & Associates LP grew its stake in shares of FS Bancorp by 35.1% during the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after purchasing an additional 26,840 shares during the last quarter. Teton Advisors LLC acquired a new position in FS Bancorp during the 3rd quarter worth $838,000. Siena Capital Partners GP LLC bought a new position in FS Bancorp in the 3rd quarter valued at $817,000. Jane Street Group LLC acquired a new stake in shares of FS Bancorp in the 2nd quarter valued at $413,000. Finally, Trexquant Investment LP acquired a new position in shares of FS Bancorp during the first quarter valued at $286,000. 63.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FSBW shares. DA Davidson set a $41.00 price target on shares of FS Bancorp in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.00.

About FS Bancorp

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.