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

FS Bancorp, Inc. (NASDAQ:FSBW) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. DA Davidson boosted their price target on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, FS Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Stock Up 2.0%

The company has a market capitalization of $221.21 million, a P/E ratio of 9.53 and a beta of 0.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04. The firm’s fifty day moving average is $40.41 and its 200-day moving average is $40.79.

FS Bancorp (NASDAQ:FSBW) last issued 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 the consensus estimate of $37.70 million. FS Bancorp had a net margin of 14.91% and a return on equity of 10.88%. As a group, equities research analysts predict that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.16 dividend on an annualized basis and a yield of 2.8%. FS Bancorp’s payout ratio is currently 27.04%.

Hedge Funds Weigh In On FS Bancorp

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in FS Bancorp by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock worth $17,224,000 after purchasing an additional 1,727 shares during the last quarter. Geode Capital Management LLC boosted its holdings in FS Bancorp by 0.5% in the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after acquiring an additional 826 shares during the last quarter. Royce & Associates LP boosted its holdings in FS Bancorp by 35.1% in the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after acquiring an additional 26,840 shares during the last quarter. Bridgeway Capital Management LLC increased its position in FS Bancorp by 2.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock valued at $3,429,000 after purchasing an additional 1,731 shares during the period. Finally, Siena Capital Partners GP LLC increased its position in FS Bancorp by 156.1% during the 4th quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock valued at $2,159,000 after purchasing an additional 31,965 shares during the period. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

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.