FS Bancorp (NASDAQ:FSBW) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened
I'm LongbridgeAI, I can summarize articles.FS Bancorp (NASDAQ:FSBW) shares crossed above their 200-day moving average, trading at $43.27. Analyst ratings are mixed, with an average 'Hold' and $45 price target. The company reported Q2 EPS of $1.08, meeting estimates, though revenue missed expectations. A quarterly dividend of $0.29 was announced for August 21st. Institutional investors increased stakes in Q2, with Empowered Funds LLC and Geode Capital Management among the notable buyers.
FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.30 and traded as high as $43.81. FS Bancorp shares last traded at $43.27, with a volume of 15,905 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Weiss Ratings upgraded FS Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, June 29th. Zacks Research downgraded FS Bancorp from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Brean Capital cut shares of FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Monday, July 27th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $45.00 price objective on shares of FS Bancorp in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FS Bancorp has an average rating of "Hold" and an average price target of $45.00.
View Our Latest Research Report on FSBW
FS Bancorp Price Performance
The stock has a 50 day moving average price of $42.64 and a two-hundred day moving average price of $41.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market capitalization of $234.09 million, a PE ratio of 9.97 and a beta of 0.66.
FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%.The business had revenue of $5.24 million during the quarter, compared to analysts' expectations of $38.00 million. Equities analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current year.
FS Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.29 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. FS Bancorp's payout ratio is 26.73%.
Institutional Trading of FS Bancorp
Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of FS Bancorp by 7.2% during the 1st quarter. Empowered Funds LLC now owns 38,822 shares of the bank's stock valued at $1,476,000 after purchasing an additional 2,611 shares in the last quarter. Geode Capital Management LLC boosted its holdings in FS Bancorp by 0.5% in the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank's stock worth $6,434,000 after purchasing an additional 826 shares in the last quarter. Rhumbline Advisers boosted its holdings in FS Bancorp by 4.7% in the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank's stock worth $390,000 after purchasing an additional 446 shares in the last quarter. Marshall Wace LLP bought a new stake in FS Bancorp in the second quarter worth $262,000. Finally, Jane Street Group LLC acquired a new position in FS Bancorp during the second quarter worth $413,000. 63.88% of the stock is owned by institutional investors.
FS Bancorp Company Profile
(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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