Insider Selling: FS Bancorp (NASDAQ:FSBW) EVP Sells 1,000 Shares of Company Stock

Key Points

• EVP Donn Costa sold 1,000 FS Bancorp shares for $44,690, reducing his direct holdings by 1.31% to 75,172 shares.
• The bank reported quarterly EPS of $0.63, below the $1.11 analyst consensus, while revenue of $41.86 million topped estimates of $40.70 million.
• FS Bancorp announced a quarterly dividend of $0.29 per share, equivalent to a 2.7% annualized yield; analysts’ consensus rating was Hold with a $45 price target.

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) EVP Donn Costa sold 1,000 shares of the company's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $44.69, for a total value of $44,690.00. Following the completion of the transaction, the executive vice president directly owned 75,172 shares of the company's stock, valued at $3,359,436.68. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

FS Bancorp Price Performance

FSBW traded down $0.64 during trading on Friday, hitting $43.15. The company's stock had a trading volume of 3,416 shares, compared to its average volume of 18,392. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. FS Bancorp, Inc. has a twelve month low of $36.66 and a twelve month high of $45.85. The business's fifty day simple moving average is $43.92 and its 200 day simple moving average is $42.06. The firm has a market capitalization of $320.60 million, a price-to-earnings ratio of 11.39 and a beta of 0.70.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced 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). FS Bancorp had a return on equity of 9.39% and a net margin of 12.81%. The business had revenue of $41.86 million for the quarter, compared to analyst estimates of $40.70 million. On average, equities research analysts forecast that FS Bancorp, Inc. will post 3.94 EPS for the current fiscal year.

FS Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 6th. FS Bancorp's dividend payout ratio (DPR) is presently 30.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FSBW shares. Zacks Research raised FS Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Brean Capital lowered FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Monday, July 27th. DA Davidson reiterated a "neutral" rating and set a $45.00 price target on shares of FS Bancorp in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of FS Bancorp in a report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, FS Bancorp has an average rating of "Hold" and a consensus price target of $45.00.

Hedge Funds Weigh In On FS Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in FS Bancorp during the 2nd quarter valued at about $21,213,000. De Lisle Partners LLP purchased a new position in FS Bancorp in the 2nd quarter worth approximately $16,956,000. Bank of New York Mellon Corp purchased a new position in FS Bancorp in the 2nd quarter worth approximately $2,150,000. Empowered Funds LLC purchased a new position in FS Bancorp in the 2nd quarter worth approximately $1,793,000. Finally, Daytona Street Capital LLC boosted its holdings 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 purchasing an additional 700 shares during the last quarter. 63.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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