D.A. Davidson & CO. Sells 2,600 Shares of FS Bancorp, Inc. $FSBW

D.A. Davidson & CO. cut its holdings in FS Bancorp, Inc. (NASDAQ:FSBW) by 27.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,994 shares of the bank’s stock after selling 2,600 shares during the period. D.A. Davidson & CO. owned approximately 0.09% of FS Bancorp worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FSBW. Copeland Capital Management LLC raised its position in shares of FS Bancorp by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank’s stock worth $69,000 after acquiring an additional 246 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of FS Bancorp in the 2nd quarter worth about $74,000. Agate Pass Investment Management LLC bought a new position in shares of FS Bancorp in the 2nd quarter worth about $206,000. Trexquant Investment LP bought a new position in shares of FS Bancorp in the 1st quarter worth about $286,000. Finally, Advisors Asset Management Inc. increased its position in FS Bancorp by 23.9% in the 1st quarter. Advisors Asset Management Inc. now owns 8,525 shares of the bank’s stock valued at $324,000 after buying an additional 1,647 shares in the last quarter. 63.88% of the stock is owned by institutional investors.

Insider Buying and Selling at FS Bancorp

In other news, CEO Joseph C. Adams sold 14,646 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $41.83, for a total value of $612,642.18. Following the transaction, the chief executive officer owned 97,775 shares in the company, valued at $4,089,928.25. The trade was a 13.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 37,500 shares of company stock valued at $1,529,937. 12.70% of the stock is owned by insiders.

FS Bancorp Stock Performance

Shares of FSBW opened at $38.38 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.03 and a current ratio of 1.05. The stock has a 50 day moving average price of $40.44 and a two-hundred day moving average price of $39.95. The firm has a market capitalization of $291.69 million, a P/E ratio of 9.36 and a beta of 0.74. FS Bancorp, Inc. has a 52 week low of $34.61 and a 52 week high of $49.15.

FS Bancorp (NASDAQ:FSBW) last issued its quarterly earnings data on Tuesday, October 21st. The bank reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $39.28 million during the quarter, compared to analyst estimates of $38.15 million. FS Bancorp had a return on equity of 10.87% and a net margin of 15.10%. Equities analysts forecast that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 6th. FS Bancorp’s payout ratio is presently 27.32%.

Analyst Ratings Changes

FSBW has been the subject of a number of research analyst reports. DA Davidson set a $41.00 target price on FS Bancorp in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, FS Bancorp has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.