FS Bancorp (NASDAQ:FSBW) released its quarterly results on Wednesday. The bank reported earnings per share of $1.01 for the quarter, beating the Zacks consensus estimate of $0.85 by $0.16, MarketWatch Earnings reports. FS Bancorp had a return on equity of 16.85% and a net margin of 28.88%. The company posted revenue of $30.57 million in the quarter, compared to $29.55 million expected by analysts.

Shares of NASDAQ:FSBW traded down $0.20 in Friday’s midday session, hitting $33.33. The company’s stock had a trading volume of 61 shares, compared to an average trading volume of 11,271 shares. The company has a market capitalization of $272.87 million, a price-earnings ratio of 7.31 and a beta of 1.21. The company has a quick ratio of 0.93, a current ratio of 0.99 and a leverage ratio of 0.38. FS Bancorp has a 1 year minimum of $26.50 and a 1 year maximum of $36.85. The company has a 50-day moving average price of $33.62 and a 200-day moving average price of $33.96.

Separately, Zacks Investment Research upgraded FS Bancorp from a buy to a hold rating in a Monday, January 3, report.

In other FS Bancorp news, insider Dennis V. O’leary sold 5,220 shares of the company in a trade dated Thursday, November 11. The stock was sold at an average price of $35.48, for a total transaction of $185,205.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, 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 disclosure of this sale can be found here. In the past ninety days, insiders have sold 15,320 shares of the company valued at $543,071. Insiders of the company own 11.26% of the shares of the company.

A number of hedge funds have recently bought and sold shares of FSBW. Bank of New York Mellon Corp increased its position in FS Bancorp by 102.9% during the third quarter. Bank of New York Mellon Corp now owns 79,024 shares of the bank valued at $2,736,000 after acquiring an additional 40,075 shares during the period. Two Sigma Investments LP bought a new stake in shares of FS Bancorp in the third quarter worth approximately $312,000. Invesco Ltd. increased its position in FS Bancorp shares by 119.6% in the third quarter. Invesco Ltd. now owns 11,713 shares of the bank worth $406,000 after purchasing an additional 6,380 shares during the period. Royal Bank of Canada increased its position in FS Bancorp shares by 102.7% in the third quarter. Royal Bank of Canada now owns 6,781 shares of the bank worth $235,000 after purchasing an additional 3,436 shares during the period. Finally, Morgan Stanley increased its position in shares of FS Bancorp by 12.3% in the second quarter. Morgan Stanley now owns 25,199 shares of the bank worth $1,796,000 after buying 2,766 additional shares during the period. 58.05% of the shares are held by hedge funds and other institutional investors.

About FS Bancorp

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 banking by telephone.

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