FS Bancorp (NASDAQ:FSBW) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

FS Bancorp, Inc. (NASDAQ:FSBW)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $41.34 and traded as high as $43.99. FS Bancorp shares last traded at $43.48, with a volume of 12,478 shares changing hands.

Analysts Set New Price Targets

FSBW has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. DA Davidson restated a “neutral” rating and issued a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Brean Capital lowered shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.00.

FS Bancorp Stock Down 1.0%

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.02. The stock has a market capitalization of $323.06 million, a PE ratio of 10.02 and a beta of 0.66. The company has a 50 day moving average price of $43.01 and a 200-day moving average price of $41.34.

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The company had revenue of $5.24 million during the quarter, compared to the consensus estimate of $38.00 million. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%. As a group, analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.29 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.16 annualized dividend and a yield of 2.7%. FS Bancorp’s dividend payout ratio is 26.73%.

Institutional Investors Weigh In On FS Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of FS Bancorp during the 2nd quarter valued at about $21,213,000. Dimensional Fund Advisors LP raised its stake in FS Bancorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock worth $17,224,000 after buying an additional 1,727 shares in the last quarter. De Lisle Partners LLP purchased a new stake in FS Bancorp in the second quarter worth about $16,956,000. Geode Capital Management LLC lifted 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 worth $6,434,000 after buying an additional 826 shares during the period. Finally, Bridgeway Capital Management LLC boosted 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 acquiring an additional 1,731 shares in the last quarter. 63.88% of the stock is owned by hedge funds and other institutional investors.

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.