Insider Selling: FS Bancorp (NASDAQ:FSBW) Director Sells $42,168.75 in Stock

Key Points

• FS Bancorp Director Terri Degner sold 975 shares at an average price of $43.25, generating $42,168.75. The sale reduced her ownership by 44.83% to 1,200 shares.
• FSBW shares were essentially flat at $42.86, while the company reported quarterly EPS of $1.08, in line with estimates. Analysts expect $4.34 in full-year EPS.
• FS Bancorp declared a quarterly dividend of $0.29, equivalent to $1.16 annually and a 2.7% yield. Analyst sentiment is mixed, with a consensus “Hold” rating and a $45 average price target.

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) Director Terri Degner sold 975 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $43.25, for a total transaction of $42,168.75. Following the completion of the transaction, the director owned 1,200 shares in the company, valued at approximately $51,900. The trade was a 44.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FS Bancorp Trading Up 0.0%

FSBW stock traded up $0.01 during trading on Monday, hitting $42.86. The company had a trading volume of 11,538 shares, compared to its average volume of 15,144. FS Bancorp, Inc. has a 52-week low of $36.66 and a 52-week high of $45.85. The company has a 50 day simple moving average of $43.20 and a 200-day simple moving average of $41.41. The firm has a market capitalization of $318.45 million, a P/E ratio of 9.88 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.17.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $5.24 million during the quarter, compared to analysts' expectations of $38.00 million. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. As a group, research 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 declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.29 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. FS Bancorp's payout ratio is presently 26.73%.

Hedge Funds Weigh In On FS Bancorp

A number of large investors have recently bought and sold shares of FSBW. California State Teachers Retirement System boosted its position in FS Bancorp by 1,016.0% during the 2nd quarter. California State Teachers Retirement System now owns 3,906 shares of the bank's stock valued at $170,000 after acquiring an additional 3,556 shares in the last quarter. Empowered Funds LLC bought a new position in shares of FS Bancorp in the 2nd quarter worth $1,793,000. Bank of America Corp DE bought a new stake in FS Bancorp during the second quarter valued at about $212,000. Legal & General Group Plc bought a new position in FS Bancorp in the second quarter worth about $26,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of FS Bancorp in the 2nd quarter valued at about $893,000. Institutional investors own 63.88% of the company's stock.

Wall Street Analysts Forecast Growth

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

FS Bancorp Company Profile

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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