FS Bancorp, Inc. (NASDAQ:FSBW) Sees Significant Increase in Short Interest

FS Bancorp, Inc. (NASDAQ:FSBWGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 145,300 shares, an increase of 41.6% from the April 15th total of 102,600 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is presently 6.0 days.

NASDAQ FSBW traded down $0.15 on Friday, reaching $28.83. The company’s stock had a trading volume of 28,376 shares, compared to its average volume of 40,645. The firm has a market cap of $228.05 million, a PE ratio of 7.67 and a beta of 1.13. The business has a 50-day moving average price of $30.45 and a 200 day moving average price of $32.49. FS Bancorp has a 52 week low of $28.75 and a 52 week high of $36.85. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 0.37.

FS Bancorp (NASDAQ:FSBWGet Rating) last posted its earnings results on Thursday, April 28th. The bank reported $0.81 earnings per share 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 anticipate that FS Bancorp will post 3.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Investors of record on Thursday, May 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $1.20 dividend on an annualized basis and a yield of 4.16%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.20. FS Bancorp’s payout ratio is presently 21.28%.

In other FS Bancorp news, Director Mark Tueffers sold 3,500 shares of the business’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $33.50, for a total transaction of $117,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Margaret R. Piesik sold 2,500 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $29.94, for a total transaction of $74,850.00. Following the transaction, the director now directly owns 13,670 shares of the company’s stock, valued at approximately $409,279.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,000 shares of company stock valued at $222,000. 10.64% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in FS Bancorp by 12.3% during the second quarter. Morgan Stanley now owns 25,199 shares of the bank’s stock worth $1,796,000 after buying an additional 2,766 shares during the last quarter. Invesco Ltd. grew its stake in FS Bancorp by 8.2% during the second quarter. Invesco Ltd. now owns 5,333 shares of the bank’s stock worth $380,000 after buying an additional 403 shares during the last quarter. Wells Fargo & Company MN grew its stake in FS Bancorp by 34.2% during the second quarter. Wells Fargo & Company MN now owns 10,855 shares of the bank’s stock worth $773,000 after buying an additional 2,766 shares during the last quarter. SG Americas Securities LLC bought a new stake in FS Bancorp during the third quarter worth about $174,000. Finally, New York State Common Retirement Fund grew its stake in FS Bancorp by 31.0% during the third quarter. New York State Common Retirement Fund now owns 4,758 shares of the bank’s stock worth $165,000 after buying an additional 1,126 shares during the last quarter. 64.60% of the stock is currently owned by institutional investors and hedge funds.

FSBW has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. StockNews.com lowered shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd.

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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