FS Bancorp (NASDAQ:FSBW) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

FS Bancorp, Inc. (NASDAQ:FSBW) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $40.79 and traded as low as $39.00. FS Bancorp shares last traded at $38.92, with a volume of 18,561 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on FSBW shares. DA Davidson upped their price target on shares of FS Bancorp from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Weiss Ratings cut shares of FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, FS Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Trading Down 3.4%

The firm has a market cap of $210.56 million, a P/E ratio of 9.07 and a beta of 0.66. The firm’s fifty day moving average is $40.35 and its two-hundred day moving average is $40.79. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. The business had revenue of $37.95 million during the quarter, compared to analyst estimates of $37.70 million. FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%. Analysts predict that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. FS Bancorp’s dividend payout ratio is presently 27.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of FS Bancorp by 6.0% during the 1st quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock valued at $233,000 after acquiring an additional 343 shares during the period. Rhumbline Advisers boosted its stake in FS Bancorp by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock worth $390,000 after purchasing an additional 446 shares during the period. AQR Capital Management LLC boosted its stake in FS Bancorp by 3.4% in the 4th quarter. AQR Capital Management LLC now owns 15,256 shares of the bank’s stock worth $628,000 after purchasing an additional 503 shares during the period. Russell Investments Group Ltd. boosted its stake in FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after purchasing an additional 667 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in FS Bancorp by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after purchasing an additional 679 shares during the period. 63.88% of the stock is currently owned by institutional investors.

FS Bancorp Company Profile

FS Bancorp, Inc (NASDAQ: FSBW) is a bank holding company headquartered in Illinois that provides community banking services in the Midwestern United States. Through its wholly owned banking subsidiary, the company offers a full suite of deposit products, including checking and savings accounts, money market instruments, certificates of deposit and online banking platforms.

On the lending side, FS Bancorp extends commercial and industrial loans, residential mortgage financing, consumer credit and agricultural lending.