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

Key Points

• Director Terri Degner sold 1,694 FS Bancorp shares at an average price of $42.72, generating approximately $72,368 and reducing her direct stake by 43.78% to 2,175 shares.
• FS Bancorp shares recently traded near $43.18, while the bank reported quarterly EPS of $1.08, in line with analyst estimates. Analysts’ consensus rating is Hold, with an average price target of $45.
• The company pays a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 and a 2.7% yield; institutional investors own approximately 63.88% of outstanding shares.

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

FS Bancorp Price Performance

Shares of NASDAQ FSBW traded up $0.48 during mid-day trading on Friday, reaching $43.18. 11,877 shares of the company were exchanged, compared to its average volume of 15,082. FS Bancorp, Inc. has a 52 week low of $36.66 and a 52 week high of $45.85. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $320.83 million, a PE ratio of 9.95 and a beta of 0.66. The company's 50 day moving average price is $43.17 and its 200 day moving average price is $41.40.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting analysts' consensus estimates of $1.08. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%.The business had revenue of $5.24 million for the quarter, compared to analysts' expectations of $38.00 million. Sell-side analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. FS Bancorp's dividend payout ratio is 26.73%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On FS Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in FS Bancorp by 6.0% during the 1st quarter. Bank of America Corp DE now owns 6,033 shares of the bank's stock worth $233,000 after acquiring an additional 343 shares during the last quarter. Rhumbline Advisers increased its stake in shares of FS Bancorp by 4.7% in the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank's stock worth $390,000 after buying an additional 446 shares during the period. AQR Capital Management LLC increased its stake in shares of FS Bancorp by 3.4% in the fourth quarter. AQR Capital Management LLC now owns 15,256 shares of the bank's stock worth $628,000 after buying an additional 503 shares during the period. Legal & General Group Plc bought a new stake in FS Bancorp during the 2nd quarter valued at $26,000. Finally, Russell Investments Group Ltd. raised its holdings in FS Bancorp by 1,852.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank's stock valued at $28,000 after buying an additional 667 shares during the last quarter. Institutional investors own 63.88% of the company's stock.

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.

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