FS Bancorp (NASDAQ:FSBW) Stock Crosses Above 50-Day Moving Average of $33.19

FS Bancorp, Inc. (NASDAQ:FSBWGet Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $33.19 and traded as high as $34.16. FS Bancorp shares last traded at $33.96, with a volume of 14,672 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

View Our Latest Report on FS Bancorp

FS Bancorp Stock Up 1.8 %

The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average is $33.19 and its 200-day moving average is $33.80. The company has a market cap of $264.89 million, a PE ratio of 7.41 and a beta of 0.94.

FS Bancorp (NASDAQ:FSBWGet Free Report) last issued its earnings results on Wednesday, April 24th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.08. FS Bancorp had a net margin of 18.69% and a return on equity of 14.17%. The company had revenue of $35.46 million for the quarter, compared to analysts’ expectations of $34.05 million. On average, analysts predict that FS Bancorp, Inc. will post 4.21 EPS for the current year.

FS Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Wednesday, May 8th. FS Bancorp’s dividend payout ratio is presently 22.71%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of FS Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 403,704 shares of the bank’s stock valued at $14,013,000 after purchasing an additional 2,376 shares during the period. TCW Group Inc. raised its position in shares of FS Bancorp by 0.9% during the 4th quarter. TCW Group Inc. now owns 284,519 shares of the bank’s stock valued at $10,516,000 after purchasing an additional 2,540 shares during the period. Empowered Funds LLC raised its position in shares of FS Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the bank’s stock valued at $1,056,000 after purchasing an additional 2,275 shares during the period. Panagora Asset Management Inc. raised its position in shares of FS Bancorp by 9.6% during the 4th quarter. Panagora Asset Management Inc. now owns 16,338 shares of the bank’s stock valued at $604,000 after purchasing an additional 1,436 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of FS Bancorp by 25.6% during the 1st quarter. BNP Paribas Financial Markets now owns 12,710 shares of the bank’s stock valued at $441,000 after purchasing an additional 2,590 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.

FS Bancorp Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for FS Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.