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

Shares of FS Bancorp, Inc. (NASDAQ:FSBW) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.33 and traded as low as $40.90. FS Bancorp shares last traded at $41.40, with a volume of 12,160 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

FS Bancorp Stock Up 2.0 %

The firm has a fifty day moving average of $42.33 and a 200-day moving average of $43.33. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. The firm has a market cap of $323.75 million, a P/E ratio of 9.41 and a beta of 0.95.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.12). FS Bancorp had a return on equity of 12.35% and a net margin of 16.97%. On average, equities research analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current year.

FS Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from FS Bancorp’s previous quarterly dividend of $0.27. FS Bancorp’s dividend payout ratio (DPR) is 24.55%.

Institutional Investors Weigh In On FS Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of FSBW. SG Americas Securities LLC raised its stake in FS Bancorp by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 2,756 shares of the bank’s stock valued at $113,000 after buying an additional 433 shares during the period. HighTower Advisors LLC increased its holdings in shares of FS Bancorp by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 30,076 shares of the bank’s stock worth $1,339,000 after acquiring an additional 597 shares during the last quarter. Copeland Capital Management LLC bought a new stake in FS Bancorp in the 3rd quarter valued at $62,000. Empowered Funds LLC lifted its holdings in FS Bancorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,211 shares of the bank’s stock valued at $1,487,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in FS Bancorp by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 57,722 shares of the bank’s stock worth $2,370,000 after purchasing an additional 1,700 shares during the period. 63.88% of the stock is owned by institutional investors.

About FS Bancorp

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.