Key Points
- FS Bancorp Director Terri Degner sold 1,694 shares at an average price of $42.72, generating $72,367.68 and reducing her holdings by 43.78% to 2,175 shares.
- FSBW shares opened at $42.85, with a market capitalization of approximately $318.4 million and a P/E ratio of 9.87. The company reported quarterly EPS of $1.08, in line with analyst expectations.
- FS Bancorp maintains a quarterly dividend of $0.29, equivalent to $1.16 annually and a 2.7% yield. Analysts’ consensus rating is Hold, with an average price target of $45.00.
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 transaction, the director owned 2,175 shares of the company's stock, valued at $92,916. The trade was a 43.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
FS Bancorp Stock Up 0.4%
Shares of FSBW stock opened at $42.85 on Friday. The firm's fifty day moving average price is $43.20 and its two-hundred day moving average price is $41.41. 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 1 year low of $36.66 and a 1 year high of $45.85. The firm has a market capitalization of $318.38 million, a P/E ratio of 9.87 and a beta of 0.66.
FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (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 the consensus estimate of $38.00 million. On average, equities analysts predict that FS Bancorp, Inc. will post 4.34 EPS for the current fiscal year.
FS Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. FS Bancorp's dividend payout ratio (DPR) is currently 26.73%.
Hedge Funds Weigh In On FS Bancorp
Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in FS Bancorp in the 2nd quarter valued at about $21,213,000. De Lisle Partners LLP acquired a new stake in FS Bancorp during the second quarter worth approximately $16,956,000. Bank of New York Mellon Corp acquired a new stake in FS Bancorp during the second quarter worth approximately $2,150,000. Empowered Funds LLC acquired a new stake in FS Bancorp during the second quarter worth approximately $1,793,000. Finally, Siena Capital Partners GP LLC boosted its holdings in shares of FS Bancorp by 156.1% during the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank's stock worth $2,159,000 after acquiring an additional 31,965 shares during the period. 63.88% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. DA Davidson reissued a "neutral" rating and issued a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of FS Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report 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. Finally, Brean Capital cut FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Monday, July 27th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $45.00.
Check Out Our Latest Report on FSBW
FS Bancorp Company Profile
(
Get Free Report)
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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