Insider Selling: FS Bancorp (NASDAQ:FSBW) CEO Sells 14,646 Shares of Stock
by Kim Johansen · The Markets DailyFS Bancorp, Inc. (NASDAQ:FSBW – Get Free Report) CEO Joseph Adams sold 14,646 shares of FS Bancorp stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $41.83, for a total transaction of $612,642.18. Following the sale, the chief executive officer owned 97,775 shares of the company’s stock, valued at approximately $4,089,928.25. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
FS Bancorp Stock Performance
Shares of NASDAQ FSBW opened at $42.71 on Friday. The company has a market cap of $324.60 million, a PE ratio of 10.14 and a beta of 0.72. FS Bancorp, Inc. has a 12 month low of $34.61 and a 12 month high of $49.15. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.05 and a quick ratio of 1.03. The company has a 50-day simple moving average of $40.75 and a 200-day simple moving average of $39.22.
FS Bancorp (NASDAQ:FSBW – Get Free Report) last released its earnings results on Tuesday, July 22nd. The bank reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. FS Bancorp had a net margin of 15.88% and a return on equity of 11.32%. The business had revenue of $37.28 million for the quarter, compared to analysts’ expectations of $36.55 million. On average, equities analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.
FS Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.12 annualized dividend and a dividend yield of 2.6%. FS Bancorp’s dividend payout ratio (DPR) is currently 26.60%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on FSBW. Wall Street Zen raised shares of FS Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. DA Davidson raised their target price on shares of FS Bancorp from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.00.
Get Our Latest Research Report on FS Bancorp
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FSBW. Raymond James Financial Inc. acquired a new position in FS Bancorp during the fourth quarter valued at approximately $1,510,000. Royce & Associates LP acquired a new position in FS Bancorp during the first quarter valued at approximately $617,000. Citadel Advisors LLC lifted its position in FS Bancorp by 119.9% during the fourth quarter. Citadel Advisors LLC now owns 21,412 shares of the bank’s stock valued at $879,000 after buying an additional 11,674 shares in the last quarter. Jane Street Group LLC acquired a new position in FS Bancorp during the second quarter valued at approximately $413,000. Finally, GAMMA Investing LLC lifted its position in FS Bancorp by 12,586.3% during the first quarter. GAMMA Investing LLC now owns 10,149 shares of the bank’s stock valued at $386,000 after buying an additional 10,069 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.
FS Bancorp Company Profile
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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