FS Bancorp (NASDAQ:FSBW) EVP Sells $236,368.22 in Stock

FS Bancorp, Inc. (NASDAQ:FSBW) EVP Ben Crowl sold 5,399 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $43.78, for a total transaction of $236,368.22. Following the completion of the transaction, the executive vice president owned 17 shares of the company’s stock, valued at $744.26. This represents a 99.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $43.55 on Monday. The stock’s 50-day moving average is $43.94 and its two-hundred day moving average is $42.07. The firm has a market cap of $323.58 million, a price-to-earnings ratio of 11.49 and a beta of 0.70. FS Bancorp, Inc. has a 1 year low of $36.66 and a 1 year high of $45.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.09 and a current ratio of 1.10.

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

FS Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be paid 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 is Friday, November 6th. FS Bancorp’s dividend payout ratio (DPR) is currently 30.61%.

Analysts Set New Price Targets

Several analysts recently commented on FSBW shares. DA Davidson reiterated a “neutral” rating and issued a $45.00 price target on shares of FS Bancorp in a research report on Wednesday, July 22nd. Brean Capital downgraded shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research report on Monday, July 27th. Zacks Research raised shares of 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 investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

Hedge Funds Weigh In On FS Bancorp

A number of large investors have recently made changes to their positions in FSBW. BlackRock Inc. purchased a new position in FS Bancorp in the second quarter valued at about $21,213,000. De Lisle Partners LLP acquired a new stake in shares of FS Bancorp during the 2nd quarter valued at approximately $16,956,000. Bank of New York Mellon Corp acquired a new stake in shares of FS Bancorp during the 2nd quarter valued at approximately $2,150,000. Empowered Funds LLC purchased a new stake in shares of FS Bancorp during the 2nd quarter worth approximately $1,793,000. Finally, Daytona Street Capital LLC boosted its stake in shares of FS Bancorp by 1.8% during the 3rd quarter. Daytona Street Capital LLC now owns 38,657 shares of the bank’s stock worth $1,712,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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.