FS Bancorp (NASDAQ:FSBW) Shares Pass Above 200 Day Moving Average – Here’s What Happened

FS Bancorp, Inc. (NASDAQ:FSBW)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.30 and traded as high as $43.81. FS Bancorp shares last traded at $43.27, with a volume of 15,905 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FSBW. Brean Capital lowered shares of FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Monday, July 27th. 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 target on shares of FS Bancorp in a research report on Wednesday, July 22nd. Finally, Zacks Research cut shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. One equities 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. Based on data from MarketBeat.com, FS Bancorp presently has an average rating of “Hold” and an average price target of $45.00.

FS Bancorp Stock Down 0.5%

The company has a market cap of $232.95 million, a P/E ratio of 9.92 and a beta of 0.66. 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 firm has a fifty day moving average price of $42.69 and a 200 day moving average price of $41.31.

FS Bancorp (NASDAQ:FSBW) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%.The business had revenue of $5.24 million during the quarter, compared to analysts’ expectations of $38.00 million. Equities research analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current year.

FS Bancorp Announces Dividend

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

Institutional Trading of FS Bancorp

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in FS Bancorp in the second quarter worth about $21,213,000. Bank of New York Mellon Corp bought a new position in shares of FS Bancorp in the 2nd quarter valued at about $2,150,000. Siena Capital Partners GP LLC boosted its stake in shares of FS Bancorp by 156.1% in 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 last quarter. Jane Street Group LLC acquired a new stake in shares of FS Bancorp during the 2nd quarter worth approximately $413,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of FS Bancorp during the 4th quarter worth approximately $361,000. 63.88% of the stock is owned by 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.