FS Bancorp (NASDAQ:FSBW) Director Terri Degner Sells 1,694 Shares

FS Bancorp, Inc. (NASDAQ:FSBW) Director Terri Degner sold 1,694 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $42.72, for a total transaction of $72,367.68. Following the completion of the sale, the director directly owned 2,175 shares of the company’s stock, valued at approximately $92,916. This represents a 43.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FS Bancorp Stock Up 0.4%

NASDAQ:FSBW opened at $42.85 on Friday. The stock’s fifty day moving average price is $43.20 and its two-hundred day moving average price is $41.41. FS Bancorp, Inc. has a 52-week low of $36.66 and a 52-week 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. The company has a market cap of $318.38 million, a price-to-earnings ratio of 9.87 and a beta of 0.66.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%.The firm had revenue of $5.24 million during the quarter, compared to analyst estimates of $38.00 million. On average, analysts anticipate that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 7th. FS Bancorp’s dividend payout ratio is currently 26.73%.

Institutional Investors Weigh In On FS Bancorp

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of FS Bancorp during the second quarter worth $26,000. Russell Investments Group Ltd. boosted its stake in FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after purchasing an additional 667 shares during the period. BNP Paribas Financial Markets increased its holdings in FS Bancorp by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after purchasing an additional 679 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in FS Bancorp by 489.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after purchasing an additional 1,644 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of FS Bancorp by 1,016.0% in the 2nd quarter. California State Teachers Retirement System now owns 3,906 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,556 shares during the period. Institutional investors own 63.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FSBW shares. Zacks Research cut shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. DA Davidson reiterated a “neutral” rating and issued a $45.00 target price on shares of FS Bancorp in a report on Wednesday, July 22nd. Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Finally, Brean Capital lowered shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, FS Bancorp presently has an average rating of “Hold” and an average price target of $45.00.

About FS Bancorp

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.