FS Bancorp, Inc. (NASDAQ:FSBW – Get Free Report) shares crossed 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
FSBW has been the topic of a number of recent analyst reports. Brean Capital downgraded FS Bancorp from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Monday, July 27th. DA Davidson reaffirmed a “neutral” rating and set a $45.00 target price on shares of FS Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings upgraded FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Finally, Zacks Research lowered shares of FS Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.00.
View Our Latest Stock Analysis on FS Bancorp
FS Bancorp Price Performance
FS Bancorp (NASDAQ:FSBW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $5.24 million for the quarter, compared to the consensus estimate of $38.00 million. FS Bancorp had a return on equity of 10.96% and a net margin of 14.88%. On average, equities analysts forecast that FS Bancorp, Inc. will post 4.34 earnings per share for the current fiscal year.
FS Bancorp Dividend Announcement
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 paid a dividend of $0.29 per share. The ex-dividend date is Friday, August 7th. This represents a $1.16 annualized dividend and a yield of 2.7%. FS Bancorp’s dividend payout ratio is presently 26.73%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in shares of FS Bancorp by 1,852.8% in the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after acquiring an additional 667 shares during the period. BNP Paribas Financial Markets grew its stake in shares of FS Bancorp by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $78,000 after acquiring an additional 1,644 shares during the last quarter. Deutsche Bank AG bought a new position in FS Bancorp during the fourth quarter worth $193,000. Finally, Bank of America Corp DE increased its position in FS Bancorp by 6.0% during the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock worth $233,000 after acquiring an additional 343 shares during the period. 63.88% of the stock is owned by institutional investors.
About FS Bancorp
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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