FS Bancorp (NASDAQ:FSBW) Stock Price Passes Below 200-Day Moving Average of $32.97

FS Bancorp, Inc. (NASDAQ:FSBW) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.97 and traded as low as $30.64. FS Bancorp shares last traded at $30.91, with a volume of 9,229 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 note on Thursday, April 11th.

FS Bancorp Price Performance

The stock has a market cap of $241.41 million, a PE ratio of 6.78 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The firm’s 50 day moving average price is $33.09 and its two-hundred day moving average price is $32.97.

FS Bancorp (NASDAQ:FSBW) last posted its earnings results on Wednesday, January 24th. The bank reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.21. The firm had revenue of $35.91 million during the quarter, compared to the consensus estimate of $34.80 million. FS Bancorp had a net margin of 19.21% and a return on equity of 15.16%. On average, research analysts expect that FS Bancorp, Inc. will post 4.22 earnings per share for the current year.

FS Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.04 annualized dividend and a yield of 3.36%. This is a boost from FS Bancorp’s previous quarterly dividend of $0.25. FS Bancorp’s payout ratio is currently 22.81%.

Hedge Funds Weigh In On FS Bancorp

Several hedge funds have recently bought and sold shares of FSBW. Raymond James Financial Services Advisors Inc. purchased a new position in FS Bancorp during the first quarter valued at approximately $389,000. Bank of New York Mellon Corp grew its stake in FS Bancorp by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 74,182 shares of the bank’s stock valued at $2,300,000 after acquiring an additional 1,996 shares in the last quarter. American Century Companies Inc. grew its stake in FS Bancorp by 27.0% during the first quarter. American Century Companies Inc. now owns 38,711 shares of the bank’s stock valued at $1,200,000 after acquiring an additional 8,231 shares in the last quarter. MetLife Investment Management LLC grew its stake in FS Bancorp by 56.4% during the first quarter. MetLife Investment Management LLC now owns 3,991 shares of the bank’s stock valued at $124,000 after acquiring an additional 1,439 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in FS Bancorp by 130.4% during the first quarter. Panagora Asset Management Inc. now owns 14,226 shares of the bank’s stock valued at $441,000 after acquiring an additional 8,051 shares in the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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.