Key Points
- Director Marina Cofer-Wildsmith sold 3,807 shares on Nov. 13 at an average of $40.00 (total $152,280) and 17 more on Nov. 14, cutting her stake by 40.51% to 5,590 shares valued at about $223,600.
- FS Bancorp declared a quarterly dividend of $0.28 per share (annualized $1.12) with a yield of 2.9%; record and ex-dividend date is Nov. 6 and the payment date is Nov. 20.
- Quarterly results beat estimates—Q3 EPS $1.18 vs. $1.08 consensus and revenue $39.28M vs. $38.15M—and analysts have an average rating of "Moderate Buy" with a $41.00 consensus price target.
FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) Director Marina Cofer-Wildsmith sold 3,807 shares of the firm's stock in a transaction dated 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 owned 5,590 shares of the company's stock, valued at $223,600. The trade was a 40.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
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 shares were sold at an average price of $40.05, for a total value of $680.85.
FS Bancorp Price Performance
NASDAQ FSBW opened at $38.93 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $292.75 million, a price-to-earnings ratio of 9.50 and a beta of 0.78. The company has a 50 day simple moving average of $39.73 and a 200-day simple moving average of $40.04. FS Bancorp, Inc. has a 52-week low of $34.61 and a 52-week high of $48.04.
FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. FS Bancorp had a net margin of 15.10% and a return on equity of 10.84%. The firm had revenue of $39.28 million for the quarter, compared to analyst estimates of $38.15 million. Equities research analysts predict that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.
FS Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 6th. FS Bancorp's dividend payout ratio (DPR) is currently 27.32%.
Analyst Ratings Changes
A number of research firms recently issued reports on FSBW. DA Davidson set a $41.00 price objective on FS Bancorp in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FS Bancorp in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.00.
View Our Latest Analysis on FS Bancorp
Hedge Funds Weigh In On FS Bancorp
Several hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised 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 valued at $28,000 after buying an additional 667 shares in the last quarter. CWM LLC increased its holdings in shares of FS Bancorp by 135.0% during the 3rd quarter. CWM LLC now owns 1,060 shares of the bank's stock valued at $42,000 after acquiring an additional 609 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of FS Bancorp in the 3rd quarter valued at approximately $49,000. BNP Paribas Financial Markets lifted its holdings in FS Bancorp by 104.3% in 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 during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in FS Bancorp by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank's stock worth $69,000 after purchasing an additional 246 shares during the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.
About FS Bancorp
(
Get Free Report)
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.
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