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

FS Bancorp, Inc. (NASDAQ:FSBW) 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 changing hands.

Analysts Set New Price Targets

FSBW has been the subject of a number of research reports. DA Davidson increased their target price on 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 downgraded FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. One investment 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 currently has an average rating of “Moderate Buy” and an average price target of $46.00.

FS Bancorp Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The business has a 50 day simple moving average of $40.35 and a two-hundred day simple moving average of $40.79. The firm has a market cap of $210.56 million, a PE ratio of 9.07 and a beta of 0.66.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.02 EPS for the quarter, beating the consensus estimate of $1.01 by $0.01. The firm had revenue of $37.95 million for 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%. As a group, equities research analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.

FS Bancorp Dividend Announcement

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

Hedge Funds Weigh In On FS Bancorp

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of FS Bancorp by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock valued at $17,224,000 after buying an additional 1,727 shares during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 826 shares during the last quarter. Royce & Associates LP grew its stake 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 purchasing an additional 26,840 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in FS Bancorp by 2.1% in the fourth 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 last quarter. Finally, Siena Capital Partners GP LLC grew its stake in FS Bancorp by 156.1% in the fourth 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 last quarter. Hedge funds and other 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.