Shares of FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.34 and traded as high as $43.99. FS Bancorp shares last traded at $43.48, with a volume of 12,478 shares traded.
Analysts Set New Price Targets
FSBW has been the topic of a number of recent analyst reports. Brean Capital lowered shares of FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Monday, July 27th. Zacks Research downgraded shares of FS Bancorp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Weiss Ratings raised shares of FS Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, June 29th. Finally, DA Davidson reissued a "neutral" rating and set a $45.00 price objective on shares of FS Bancorp in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $45.00.
Check Out Our Latest Research Report on FS Bancorp
FS Bancorp Trading Down 1.0%
The company's fifty day moving average is $43.01 and its two-hundred day moving average is $41.34. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.02 and a current ratio of 1.10. The company has a market cap of $323.14 million, a price-to-earnings ratio of 10.02 and a beta of 0.66.
FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $5.24 million during the quarter, compared to analysts' expectations of $38.00 million. FS Bancorp had a net margin of 14.88% and a return on equity of 10.86%. On average, research analysts anticipate that FS Bancorp, Inc. will post 4.34 EPS for the current year.
FS Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 7th. FS Bancorp's dividend payout ratio (DPR) is 26.73%.
Institutional Investors Weigh In On FS Bancorp
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in FS Bancorp during the 2nd quarter worth about $21,213,000. De Lisle Partners LLP acquired a new position in shares of FS Bancorp in the 2nd quarter valued at about $16,956,000. Bank of New York Mellon Corp acquired a new position in shares of FS Bancorp in the 2nd quarter valued at about $2,150,000. Siena Capital Partners GP LLC boosted its stake in shares of FS Bancorp by 156.1% in the fourth quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank's stock worth $2,159,000 after buying an additional 31,965 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of FS Bancorp in the second quarter worth about $893,000. 63.88% of the stock is owned by hedge funds and other institutional investors.
About FS Bancorp
(
Get Free Report)
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.
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