FS Bancorp, Inc. (NASDAQ:FSBW) was the target of a significant increase in short interest in January. As of January 31, there was short interest totaling 41,300 shares, an increase of 28.7% from the total of 32,100 shares as of January 15. Based on an average trading volume of 14,600 shares, the day-to-cover ratio is currently 2.8 days.
Separately, Zacks Investment Research downgraded FS Bancorp shares from a “hold” rating to a “buy” rating and set a price target of $38.00 on the stock in a Tuesday research note. February 1st.
Separately, insider Dennis V. O’leary sold 5,000 shares of the company in a trade dated Tuesday, Nov. 23. The shares were sold at an average price of $35.21, for a total value of $176,050.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders hold 11.26% of the company’s shares.
Several hedge funds have recently changed their positions in FSBW. Tradewinds Capital Management LLC increased its position in FS Bancorp shares by 100.0% during the third quarter. Tradewinds Capital Management LLC now owns 724 shares of the bank worth $25,000 after buying 362 more shares last quarter. Citigroup Inc. increased its stake in FS Bancorp by 342.9% in the third quarter. Citigroup Inc. now owns 815 shares of the bank valued at $28,000 after purchasing an additional 631 shares during the period. Denali Advisors LLC acquired a new position in FS Bancorp in the fourth quarter valued at approximately $34,000. Metropolitan Life Insurance Co NY acquired a new position in FS Bancorp in the fourth quarter worth approximately $64,000. Finally, BNP Paribas Arbitrage SA increased its stake in FS Bancorp by 251.7% in the third quarter. BNP Paribas Arbitrage SA now owns 2,026 shares in the bank valued at $70,000 after purchasing an additional 1,450 shares during the period. Institutional investors hold 64.54% of the company’s shares.
FS Bancorp stock traded down $0.41 during Friday trading hours, hitting $33.13. 10 shares of the stock have traded, compared to its average volume of 11,515. The company has a leverage ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.99 . The stock has a market capitalization of $271.33 million, a P/E ratio of 7.61 and a beta of 1.18. FS Bancorp has a 12-month low of $29.20 and a 12-month high of $36.85. The company’s 50-day moving average is $33.44 and its two-hundred-day moving average is $33.98.
FS Bancorp Inc (NASDAQ:FSBW) last announced its results on Thursday, January 27. The bank reported earnings per share (EPS) of $1.01 for the quarter, beating the Zacks consensus estimate of $0.85 by $0.16. FS Bancorp had a net margin of 27.94% and a return on equity of 15.53%. The company posted revenue of $30.57 million for the quarter, versus analyst estimates of $29.55 million. On average, stock analysts predict that FS Bancorp will post earnings per share of 3.33 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 24. Shareholders of record on Thursday, February 10 will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 2.41%. This is a positive change from FS Bancorp’s previous quarterly dividend of $0.15. The ex-date of this dividend is Wednesday, February 9. FS Bancorp’s dividend payout ratio is currently 18.60%.
FS Bancorp Company Profile
FS Bancorp, Inc. operates as a bank holding company, which provides banking and financial services through its subsidiary. It operates through Commercial and Consumer Banking and Home Lending segments. The Commercial and Consumer Banking segment focuses on providing diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ATMs), online banking platforms, mobile banking applications and services telephone banking.
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in FS Bancorp right now?
Before you consider FS Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and FS Bancorp was not on the list.
Although FS Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here