FS Bancorp, Inc. (NASDAQ:FSBW) Director Margaret R. Piesik Sells 2,500 Shares

FS Bancorp, Inc. (NASDAQ:FSBWGet Rating) Director Margaret R. Piesik sold 2,500 shares of FS Bancorp stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $29.94, for a total transaction of $74,850.00. Following the completion of the sale, the director now owns 13,670 shares of the company’s stock, valued at approximately $409,279.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

FSBW stock traded down $0.18 during midday trading on Wednesday, reaching $29.14. 891 shares of the company’s stock traded hands, compared to its average volume of 21,007. The company has a market cap of $235.71 million, a price-to-earnings ratio of 7.80 and a beta of 1.13. The firm’s fifty day moving average price is $30.58 and its 200-day moving average price is $32.60. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. FS Bancorp, Inc. has a 52 week low of $28.81 and a 52 week high of $36.85.

FS Bancorp (NASDAQ:FSBWGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The bank reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. FS Bancorp had a net margin of 25.20% and a return on equity of 13.32%. Analysts forecast that FS Bancorp, Inc. will post 3.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Wednesday, May 11th. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.20. FS Bancorp’s payout ratio is 21.28%.

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Zacks Investment Research lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. River Oaks Capital LLC purchased a new position in FS Bancorp during the 4th quarter worth $807,000. BlackRock Inc. boosted its holdings in FS Bancorp by 98.1% during the 3rd quarter. BlackRock Inc. now owns 439,314 shares of the bank’s stock worth $15,205,000 after acquiring an additional 217,505 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in FS Bancorp by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 313,937 shares of the bank’s stock worth $10,558,000 after acquiring an additional 1,624 shares during the last quarter. TCW Group Inc. boosted its holdings in FS Bancorp by 1.3% during the 1st quarter. TCW Group Inc. now owns 213,244 shares of the bank’s stock worth $6,611,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in FS Bancorp by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 174,381 shares of the bank’s stock worth $5,864,000 after acquiring an additional 700 shares during the last quarter. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

About FS Bancorp (Get Rating)

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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