FS Bancorp, Inc. (NASDAQ:FSBW)’s share price reached a new 52-week high on Friday . The stock traded as high as $47.59 and last traded at $47.59, with a volume of 5,128 shares changing hands. The stock had previously closed at $45.70.
Several equities analysts have weighed in on the company. Zacks Investment Research cut FS Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. ValuEngine raised FS Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.
The firm has a market cap of $139.01 million, a P/E ratio of 11.16 and a beta of 0.43. The firm’s 50-day moving average is $44.34 and its 200-day moving average is $41.34.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, August 9th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.44 annualized dividend and a dividend yield of 0.92%. FS Bancorp’s dividend payout ratio (DPR) is currently 10.23%.
In related news, COO Drew B. Ness sold 1,721 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $43.51, for a total transaction of $74,880.71. Following the completion of the transaction, the chief operating officer now directly owns 9,224 shares in the company, valued at $401,336.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joseph C. Adams sold 4,446 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $44.80, for a total value of $199,180.80. The disclosure for this sale can be found here. 13.19% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FSBW. JPMorgan Chase & Co. purchased a new position in FS Bancorp during the second quarter worth about $156,000. Beese Fulmer Investment Management Inc. purchased a new position in FS Bancorp during the second quarter worth about $224,000. Dimensional Fund Advisors LP purchased a new position in FS Bancorp during the second quarter worth about $266,000. Cambridge Investment Research Advisors Inc. increased its position in FS Bancorp by 0.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,042 shares of the bank’s stock worth $271,000 after buying an additional 30 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in FS Bancorp during the second quarter worth about $338,000. Institutional investors and hedge funds own 37.05% of the company’s stock.
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About FS Bancorp
FS Bancorp, Inc is a holding company for 1st Security Bank of Washington (the Bank). The Company is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products.
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