FS Bancorp (NASDAQ:FSBW) Shares Pass Below 200-Day Moving Average of $29.86

Shares of FS Bancorp, Inc. (NASDAQ:FSBWGet Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.86 and traded as low as $28.65. FS Bancorp shares last traded at $28.92, with a volume of 25,059 shares.

Analysts Set New Price Targets

FSBW has been the subject of several research reports. StockNews.com raised FS Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Raymond James cut FS Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th.

FS Bancorp Stock Performance

The company’s fifty day moving average is $29.54 and its 200 day moving average is $29.86. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $223.44 million, a P/E ratio of 7.99 and a beta of 1.05.

FS Bancorp (NASDAQ:FSBWGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The bank reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. FS Bancorp had a return on equity of 12.91% and a net margin of 23.89%. The company had revenue of $29.08 million during the quarter, compared to analysts’ expectations of $28.20 million. As a group, equities analysts anticipate that FS Bancorp, Inc. will post 3.51 earnings per share for the current year.

FS Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a $0.20 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. FS Bancorp’s dividend payout ratio (DPR) is currently 22.10%.

Insider Buying and Selling

In other news, insider Robert B. Fuller sold 10,000 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $30.42, for a total transaction of $304,200.00. Following the completion of the transaction, the insider now directly owns 20,548 shares in the company, valued at approximately $625,070.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FS Bancorp news, Director Joseph P. Zavaglia sold 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $31.36, for a total value of $163,072.00. Following the completion of the transaction, the director now owns 7,280 shares of the company’s stock, valued at approximately $228,300.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert B. Fuller sold 10,000 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $30.42, for a total transaction of $304,200.00. Following the sale, the insider now owns 20,548 shares in the company, valued at approximately $625,070.16. The disclosure for this sale can be found here. 10.64% of the stock is currently owned by insiders.

Institutional Trading of FS Bancorp

A number of hedge funds have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of FS Bancorp during the first quarter worth approximately $27,000. BNP Paribas Arbitrage SA raised its position in FS Bancorp by 77.8% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,603 shares of the bank’s stock worth $121,000 after purchasing an additional 1,577 shares during the period. MetLife Investment Management LLC lifted its stake in FS Bancorp by 56.4% in the first quarter. MetLife Investment Management LLC now owns 3,991 shares of the bank’s stock worth $124,000 after purchasing an additional 1,439 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in FS Bancorp during the fourth quarter valued at about $208,000. Finally, Strs Ohio grew its stake in shares of FS Bancorp by 13.5% during the first quarter. Strs Ohio now owns 8,400 shares of the bank’s stock valued at $260,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 63.33% of the company’s stock.

FS Bancorp Company Profile

(Get Rating)

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.

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