FS Bancorp (NASDAQ:FSBW) Director Marina Cofer-Wildsmith Sells 2,371 Shares

Key Points

  • Director Marina Cofer-Wildsmith sold a total of 6,356 FS Bancorp shares in four November transactions (including 2,371 shares on Nov. 21), for aggregate proceeds of about $254,241 at an average of roughly $40 per share.
  • FS Bancorp recently beat quarterly estimates with $1.18 EPS vs. $1.08 expected and $39.28M revenue, and the stock trades with a market cap of ~$301M and a PE of 9.78; the company pays a quarterly dividend of $0.28 (annualized yield ~2.8%).
  • Analyst sentiment is a "Moderate Buy" with an average price target of $41, and institutional investors own about 63.9% of the company’s shares.

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) Director Marina Cofer-Wildsmith sold 2,371 shares of the company's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $40.00, for a total transaction of $94,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Marina Cofer-Wildsmith also recently made the following trade(s):

  • On Thursday, November 20th, Marina Cofer-Wildsmith sold 161 shares of FS Bancorp stock. The shares were sold at an average price of $40.00, for a total transaction of $6,440.00.
  • On Thursday, November 13th, Marina Cofer-Wildsmith sold 3,807 shares of FS Bancorp stock. The stock was sold at an average price of $40.00, for a total transaction of $152,280.00.
  • On Friday, November 14th, Marina Cofer-Wildsmith sold 17 shares of FS Bancorp stock. The stock was sold at an average price of $40.05, for a total transaction of $680.85.

FS Bancorp Trading Down 0.5%

FS Bancorp stock opened at $40.08 on Tuesday. FS Bancorp, Inc. has a 12-month low of $34.61 and a 12-month high of $48.04. 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 stock has a market capitalization of $301.40 million, a PE ratio of 9.78 and a beta of 0.78. The firm has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $40.02.




FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its earnings results on Tuesday, October 21st. The bank reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.10. The firm had revenue of $39.28 million during the quarter, compared to the consensus estimate of $38.15 million. FS Bancorp had a return on equity of 10.84% and a net margin of 15.10%. As a group, equities research analysts expect that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.12 annualized dividend and a yield of 2.8%. FS Bancorp's dividend payout ratio (DPR) is currently 27.32%.

Institutional Trading of FS Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FSBW. Russell Investments Group Ltd. lifted its stake 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 raised its holdings in shares of FS Bancorp by 135.0% during the third 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 period. Root Financial Partners LLC purchased a new stake in shares of FS Bancorp in the 3rd quarter valued at approximately $49,000. BNP Paribas Financial Markets boosted its stake 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 period. Finally, Copeland Capital Management LLC boosted its stake 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 period. Institutional investors and hedge funds own 63.88% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSBW shares. DA Davidson set a $41.00 price target on shares of FS Bancorp in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of FS Bancorp in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Check Out Our Latest Stock Report on FS Bancorp

FS Bancorp Company Profile

(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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