Insider Selling: FS Bancorp (NASDAQ:FSBW) EVP Sells $44,690.00 in Stock

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Donn Costa sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $44.69, for a total transaction of $44,690.00. Following the completion of the transaction, the executive vice president owned 75,172 shares of the company’s stock, valued at $3,359,436.68. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

FS Bancorp Stock Performance

NASDAQ:FSBW opened at $43.55 on Monday. The company has a 50-day moving average price of $43.94 and a 200-day moving average price of $42.07. FS Bancorp, Inc. has a 12 month low of $36.66 and a 12 month high of $45.85. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock has a market cap of $323.58 million, a price-to-earnings ratio of 11.49 and a beta of 0.70.

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

FS Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.16 annualized dividend and a yield of 2.7%. FS Bancorp’s dividend payout ratio (DPR) is 30.61%.

Analyst Upgrades and Downgrades

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

Institutional Trading of FS Bancorp

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of FS Bancorp in the second quarter worth approximately $21,213,000. De Lisle Partners LLP bought a new stake in shares of FS Bancorp during the second quarter valued at approximately $16,956,000. Bank of New York Mellon Corp purchased a new position in FS Bancorp in the 2nd quarter worth approximately $2,150,000. Empowered Funds LLC purchased a new position in FS Bancorp in the 2nd quarter worth approximately $1,793,000. Finally, Daytona Street Capital LLC lifted its position in FS Bancorp by 1.8% in the 3rd quarter. Daytona Street Capital LLC now owns 38,657 shares of the bank’s stock valued at $1,712,000 after acquiring an additional 700 shares in the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.

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.