Marina Cofer-Wildsmith Sells 3,807 Shares of FS Bancorp (NASDAQ:FSBW) Stock

FS Bancorp, Inc. (NASDAQ:FSBW) Director Marina Cofer-Wildsmith sold 3,807 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $40.00, for a total value of $152,280.00. Following the sale, the director directly owned 5,590 shares of the company’s stock, valued at $223,600. This represents a 40.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marina Cofer-Wildsmith also recently made the following trade(s):

• On Friday, November 14th, Marina Cofer-Wildsmith sold 17 shares of FS Bancorp stock. The stock was sold at an average price of $40.05, for a total value of $680.85.

FS Bancorp Stock Performance

Shares of FSBW stock opened at $38.89 on Wednesday. The company has a market cap of $292.45 million, a price-to-earnings ratio of 9.49 and a beta of 0.78. FS Bancorp, Inc. has a 52 week low of $34.61 and a 52 week high of $48.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $39.68 and a 200-day moving average of $40.03.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Tuesday, October 21st. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $39.28 million for the quarter, compared to the consensus estimate of $38.15 million. FS Bancorp had a net margin of 15.10% and a return on equity of 10.84%. On average, equities analysts forecast that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, November 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.9%. FS Bancorp’s dividend payout ratio is currently 27.32%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FSBW shares. Weiss Ratings restated a “buy (b-)” rating on shares of FS Bancorp in a research note on Tuesday, October 14th. DA Davidson set a $41.00 price target on FS Bancorp in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, FS Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP raised its stake in shares of FS Bancorp by 14.5% during the 3rd quarter. Two Sigma Investments LP now owns 26,316 shares of the bank’s stock worth $1,051,000 after purchasing an additional 3,331 shares during the period. BNP Paribas Financial Markets grew its position in FS Bancorp by 104.3% during the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock valued at $53,000 after buying an additional 679 shares during the period. Russell Investments Group Ltd. increased its holdings in FS Bancorp by 1,852.8% during the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after buying an additional 667 shares during the last quarter. Teton Advisors LLC purchased a new stake in FS Bancorp during the third quarter worth about $838,000. Finally, Royce & Associates LP raised its position in FS Bancorp by 35.1% in the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock worth $4,126,000 after acquiring an additional 26,840 shares during the period. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.