FS Bancorp (NASDAQ:FSBW) Stock Price Passes Below 200 Day Moving Average – What’s Next?

FS Bancorp, Inc. (NASDAQ:FSBW)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.98 and traded as low as $37.73. FS Bancorp shares last traded at $41.04, with a volume of 50,148 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FSBW shares. DA Davidson set a $41.00 price objective on FS Bancorp in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of FS Bancorp in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FS Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

FS Bancorp Trading Up 8.0%

The stock has a fifty day simple moving average of $40.01 and a 200 day simple moving average of $39.98. The firm has a market capitalization of $311.90 million, a P/E ratio of 10.01 and a beta of 0.78. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.96.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings data on Tuesday, October 21st. The bank reported $1.18 earnings per share 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%. As a group, research analysts forecast that FS Bancorp, Inc. will post 4.26 EPS for the current year.

FS Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 6th. FS Bancorp’s dividend payout ratio (DPR) is 27.32%.

Insider Activity

In other news, CEO Joseph C. Adams sold 14,646 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $4,089,928.25. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 37,500 shares of company stock worth $1,529,937 in the last quarter. Company insiders own 12.70% of the company’s stock.

Institutional Trading of FS Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP purchased a new stake in FS Bancorp in the 1st quarter worth $617,000. Jane Street Group LLC purchased a new position in shares of FS Bancorp during the second quarter valued at about $413,000. D.A. Davidson & CO. bought a new stake in shares of FS Bancorp in the first quarter worth about $365,000. Trexquant Investment LP bought a new stake in shares of FS Bancorp in the first quarter worth about $286,000. Finally, Marshall Wace LLP purchased a new stake in shares of FS Bancorp in the second quarter worth about $262,000. 63.88% of the stock is currently owned by institutional investors.

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.