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

FS Bancorp, Inc. (NASDAQ:FSBW) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.77 and traded as low as $37.95. FS Bancorp shares last traded at $39.00, with a volume of 8,218 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FSBW shares. DA Davidson raised their target price on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FS Bancorp in a research note on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, FS Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Trading Down 1.5%

The firm has a market cap of $282.98 million, a PE ratio of 8.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.01 and a quick ratio of 1.00. The company’s 50 day moving average price is $41.06 and its 200 day moving average price is $40.71.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.03). FS Bancorp had a return on equity of 11.08% and a net margin of 15.19%.The company had revenue of $40.01 million for the quarter, compared to analysts’ expectations of $38.20 million. As a group, analysts forecast that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Friday, February 6th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, February 6th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. FS Bancorp’s payout ratio is presently 27.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FSBW. Russell Investments Group Ltd. increased its position in FS Bancorp by 1,852.8% during the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after buying an additional 667 shares during the period. CWM LLC raised its position in shares of FS Bancorp by 135.0% during the 3rd quarter. CWM LLC now owns 1,060 shares of the bank’s stock worth $42,000 after purchasing an additional 609 shares during the last quarter. Root Financial Partners LLC purchased a new stake in FS Bancorp during the 3rd quarter worth about $49,000. BNP Paribas Financial Markets boosted its position in FS Bancorp by 104.3% during the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in FS Bancorp by 489.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after buying an additional 1,644 shares during the period. 63.88% of the stock is owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

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.