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

FS Bancorp, Inc. (NASDAQ:FSBW) Director Terri Degner sold 975 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $43.25, for a total transaction of $42,168.75. Following the sale, the director directly owned 1,200 shares in the company, valued at $51,900. This represents a 44.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FS Bancorp Stock Performance

Shares of NASDAQ FSBW opened at $42.43 on Wednesday. The company has a 50-day simple moving average of $43.21 and a 200-day simple moving average of $41.42. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.09. The company has a market cap of $315.25 million, a PE ratio of 9.78 and a beta of 0.66. FS Bancorp, Inc. has a 12 month low of $36.66 and a 12 month high of $45.85.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $5.24 million for 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 analysts anticipate that FS Bancorp, Inc. will post 4.34 earnings per share 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 issued a dividend of $0.29 per share. The ex-dividend date was Friday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. FS Bancorp’s dividend payout ratio (DPR) is 26.73%.

Hedge Funds Weigh In On FS Bancorp

A number of hedge funds have recently made changes to their positions in FSBW. De Lisle Partners LLP acquired a new stake in shares of FS Bancorp during the 2nd quarter worth $16,956,000. Siena Capital Partners GP LLC raised its position in shares of FS Bancorp by 156.1% in the 4th quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock worth $2,159,000 after buying an additional 31,965 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in FS Bancorp in the second quarter valued at $893,000. California State Teachers Retirement System boosted its holdings in FS Bancorp by 1,016.0% in the second quarter. California State Teachers Retirement System now owns 3,906 shares of the bank’s stock valued at $170,000 after acquiring an additional 3,556 shares during the last quarter. Finally, Bank of America Corp DE grew its position in FS Bancorp by 6.0% during the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock valued at $233,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 63.88% of the company’s stock.

Wall Street Analyst Weigh In

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