Key Points
- FS Bancorp Director Terri Degner sold 975 shares at an average price of $43.25, generating $42,168.75 and reducing her direct ownership by 44.83% to 1,200 shares.
- FSBW shares opened at $42.30, with a market capitalization of approximately $314.3 million and a 52-week range of $36.66 to $45.85. The company reported quarterly EPS of $1.08, in line with analyst expectations.
- The bank pays a quarterly dividend of $0.29, or $1.16 annually, yielding about 2.7%. Analysts maintain a consensus “Hold” rating with an average price target of $45.00, while institutional investors own 63.88% of the stock.
FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) Director Terri Degner sold 975 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $43.25, for a total transaction of $42,168.75. Following the sale, the director directly owned 1,200 shares in the company, valued at approximately $51,900. The trade was a 44.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
FS Bancorp Stock Performance
Shares of NASDAQ:FSBW opened at $42.30 on Tuesday. FS Bancorp, Inc. has a 52 week low of $36.66 and a 52 week high of $45.85. The stock has a market capitalization of $314.29 million, a P/E ratio of 9.75 and a beta of 0.66. The firm has a fifty day simple moving average of $43.21 and a two-hundred day simple moving average of $41.42. 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 announced its earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. The firm had revenue of $5.24 million for the quarter, compared to analysts' expectations of $38.00 million. On average, analysts expect that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.
FS Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. FS Bancorp's dividend payout ratio (DPR) is presently 26.73%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc purchased a new stake in shares of FS Bancorp in the second quarter worth approximately $26,000. Russell Investments Group Ltd. boosted its holdings in FS Bancorp by 1,852.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank's stock valued at $28,000 after acquiring an additional 667 shares during the period. BNP Paribas Financial Markets boosted its holdings in FS Bancorp by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank's stock valued at $53,000 after acquiring an additional 679 shares during the period. Tower Research Capital LLC TRC grew its position in FS Bancorp by 489.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank's stock valued at $78,000 after acquiring an additional 1,644 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in FS Bancorp by 1,016.0% in 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 during the last quarter. Institutional investors own 63.88% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on FSBW shares. 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 report on Monday, July 27th. Weiss Ratings upgraded shares of FS Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, June 29th. DA Davidson reiterated a "neutral" rating and set a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of FS Bancorp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.00.
Get Our Latest Analysis on FSBW
FS Bancorp Company Profile
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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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