FS Bancorp (NASDAQ:FSBW) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of FS Bancorp, Inc. (NASDAQ:FSBW) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analysts Set New Price Targets

FSBW has been the topic of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of FS Bancorp in a research report on Friday, January 9th. DA Davidson increased their price target on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

FS Bancorp Price Performance

The business’s 50-day simple moving average is $41.16 and its 200 day simple moving average is $40.77. The company has a market capitalization of $293.28 million, a P/E ratio of 9.11 and a beta of 0.71. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Wednesday, January 21st. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.03). FS Bancorp had a net margin of 15.19% and a return on equity of 11.16%. The company had revenue of $40.01 million during the quarter, compared to the consensus estimate of $38.20 million. As a group, sell-side analysts anticipate that FS Bancorp, Inc. will post 4.26 EPS for the current year.

FS Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Friday, February 6th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 6th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.28. FS Bancorp’s dividend payout ratio is 27.10%.

Institutional Trading of FS Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FSBW. Royce & Associates LP lifted its holdings in shares of 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 buying an additional 26,840 shares during the period. Teton Advisors LLC acquired a new position in FS Bancorp during the third quarter worth about $838,000. De Lisle Partners LLP grew its holdings in FS Bancorp by 1.5% during the second quarter. De Lisle Partners LLP now owns 385,451 shares of the bank’s stock worth $15,193,000 after acquiring an additional 5,530 shares during the period. Siena Capital Partners GP LLC bought a new stake in FS Bancorp in the third quarter worth about $817,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in FS Bancorp by 7.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,225 shares of the bank’s stock worth $954,000 after acquiring an additional 1,630 shares in the last quarter. 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.