FS Bancorp (NASDAQ:FSBW) Share Price Passes Below Two Hundred Day Moving Average - Here's What Happened

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.75 and traded as low as $36.05. FS Bancorp shares last traded at $36.23, with a volume of 8,865 shares trading hands.

FS Bancorp Stock Performance

The company has a market capitalization of $285.01 million, a P/E ratio of 8.29 and a beta of 0.92. The business's fifty day simple moving average is $39.45 and its 200-day simple moving average is $42.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.12). FS Bancorp had a net margin of 16.97% and a return on equity of 12.35%. As a group, equities analysts anticipate that FS Bancorp, Inc. will post 4.26 earnings per share for the current fiscal year.

FS Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.28 dividend. The ex-dividend date was Thursday, February 6th. This is an increase from FS Bancorp's previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.07%. FS Bancorp's payout ratio is 25.45%.

Remove Ads

Institutional Investors Weigh In On FS Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. raised its position in FS Bancorp by 2.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,993 shares of the bank's stock worth $616,000 after purchasing an additional 352 shares during the period. SG Americas Securities LLC grew its stake in shares of FS Bancorp by 18.6% during 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 last quarter. Two Sigma Advisers LP lifted its stake in shares of FS Bancorp by 5.4% during the 4th quarter. Two Sigma Advisers LP now owns 9,700 shares of the bank's stock worth $398,000 after acquiring an additional 500 shares during the last quarter. HighTower Advisors LLC lifted its stake 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. Finally, Renaissance Technologies LLC boosted its holdings in FS Bancorp by 0.6% during the 4th quarter. Renaissance Technologies LLC now owns 118,385 shares of the bank's stock valued at $4,861,000 after acquiring an additional 685 shares during the period. 63.88% of the stock is currently owned by hedge funds and other institutional investors.

FS Bancorp Company Profile

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.