FS Bancorp, Inc. (NASDAQ:FSBW) Insider Dennis V. O’leary Sells 5,000 Shares

FS Bancorp, Inc. (NASDAQ:FSBW) insider Dennis V. O’leary sold 5,000 shares of the stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $35.21, for a total value of $176,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of FSBW stock opened at $34.61 on Thursday. The company has a market capitalization of $283.35 million, a P/E ratio of 7.54 and a beta of 1.23. The business’s 50 day moving average is $34.68 and its two-hundred day moving average is $28.94. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. FS Bancorp, Inc. has a 12-month low of $25.58 and a 12-month high of $36.85.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings results on Wednesday, October 27th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. FS Bancorp had a return on equity of 16.85% and a net margin of 28.88%. On average, research analysts predict that FS Bancorp, Inc. will post 4.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Shareholders of record on Thursday, November 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. This is an increase from FS Bancorp’s previous quarterly dividend of $0.14. FS Bancorp’s dividend payout ratio is currently 13.07%.

Separately, Zacks Investment Research raised FS Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, November 2nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of FS Bancorp by 4.3% in the first quarter. Ameriprise Financial Inc. now owns 4,703 shares of the bank’s stock valued at $316,000 after acquiring an additional 192 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in shares of FS Bancorp by 100.0% in the third quarter. Tradewinds Capital Management LLC now owns 724 shares of the bank’s stock valued at $25,000 after acquiring an additional 362 shares in the last quarter. Invesco Ltd. lifted its position in shares of FS Bancorp by 8.2% in the second quarter. Invesco Ltd. now owns 5,333 shares of the bank’s stock valued at $380,000 after acquiring an additional 403 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FS Bancorp by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 149,425 shares of the bank’s stock valued at $10,041,000 after acquiring an additional 498 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of FS Bancorp by 0.5% in the second quarter. Pacific Ridge Capital Partners LLC now owns 126,740 shares of the bank’s stock valued at $9,033,000 after acquiring an additional 581 shares in the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.

About FS Bancorp

FS Bancorp, Inc operates as a bank holding company, which engages in the provision of banking and financial services through its subsidiary. It operates through the Commercial and Consumer Banking, and Home Lending segments. The Commercial and Consumer Banking segment focuses on diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ATM), online banking platforms, mobile banking apps, and telephone banking.

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