FS Bancorp (NASDAQ:FSBW) Shares Pass Below Two Hundred Day Moving Average of $32.37

FS Bancorp, Inc. (NASDAQ:FSBW – Get Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.37 and traded as low as $28.39. FS Bancorp shares last traded at $28.76, with a volume of 14,438 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of FS Bancorp from a “hold” rating to a “buy” rating in a report on Thursday.

FS Bancorp Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a market cap of $223.45 million, a PE ratio of 7.42 and a beta of 1.02. The stock’s 50-day moving average is $29.14 and its two-hundred day moving average is $32.35.

FS Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th were given a $0.25 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $1.00 annualized dividend and a yield of 3.46%. FS Bancorp’s dividend payout ratio is presently 25.51%.

Hedge Funds Weigh In On FS Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. purchased a new stake in shares of FS Bancorp during the 4th quarter worth $234,000. Barclays PLC lifted its position in shares of FS Bancorp by 107.4% during the 3rd quarter. Barclays PLC now owns 32,353 shares of the bank’s stock worth $882,000 after purchasing an additional 16,757 shares during the last quarter. Denali Advisors LLC purchased a new stake in shares of FS Bancorp during the 1st quarter worth $36,000. Dorsey Wright & Associates purchased a new stake in shares of FS Bancorp during the 4th quarter worth $27,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of FS Bancorp by 11.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 233,161 shares of the bank’s stock worth $7,797,000 after purchasing an additional 23,898 shares during the last quarter. Hedge funds and other institutional investors own 53.53% of the company’s stock.

About FS Bancorp

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FS Bancorp, Inc operates as a bank holding company, which engages in the provision of banking and financial services through its subsidiary. It operates through the Commercial and Consumer Banking, and Home Lending segments. The Commercial and Consumer Banking segment focuses on diversified financial products and services to its commercial and consumer customers through bank branches, automated teller machines (ATM), online banking platforms, mobile banking apps, and telephone banking.