FS Bancorp (NASDAQ:FSBW) Stock: Insider Donn Costa Sells 1,000 Shares

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Donn Costa sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $44.69, for a total value of $44,690.00. Following the sale, the executive vice president directly owned 75,172 shares of the company’s stock, valued at approximately $3,359,436.68. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

FS Bancorp Stock Performance

Shares of NASDAQ:FSBW opened at $43.55 on Friday. The business has a 50-day moving average of $43.94 and a two-hundred day moving average of $42.07. The firm has a market capitalization of $323.58 million, a PE ratio of 11.49 and a beta of 0.70. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.09. FS Bancorp, Inc. has a 12 month low of $36.66 and a 12 month high of $45.85.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Wednesday, October 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.48). The firm had revenue of $41.86 million for the quarter, compared to analysts’ expectations of $40.70 million. FS Bancorp had a return on equity of 9.39% and a net margin of 12.81%. As a group, research analysts forecast that FS Bancorp, Inc. will post 3.94 earnings per share for the current year.

FS Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders 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 yield of 2.7%. The ex-dividend date of this dividend is Friday, November 6th. FS Bancorp’s payout ratio is 30.61%.

Institutional Investors Weigh In On FS Bancorp

Several hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new position in FS Bancorp in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in FS Bancorp in the third quarter valued at approximately $54,000. Bank of America Corp DE purchased a new stake in shares of FS Bancorp during the second quarter valued at approximately $212,000. NewEdge Advisors LLC purchased a new stake in shares of FS Bancorp during the first quarter valued at approximately $262,000. Finally, Deutsche Bank AG purchased a new stake in shares of FS Bancorp during the second quarter valued at approximately $276,000. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

FS Bancorp Company Profile

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.