FS Bancorp (NASDAQ:FSBW) Shares Pass Below 200 Day Moving Average of $32.37

FS Bancorp, Inc. (NASDAQ:FSBW – Get Rating)’s share 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.

Wall Street Analysts Forecast Growth

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

FS Bancorp Stock Performance

The stock’s 50-day moving average price is $29.14 and its 200-day moving average price is $32.35. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $223.45 million, a P/E ratio of 7.42 and a beta of 1.02.

FS Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.46%. FS Bancorp’s payout ratio is currently 25.51%.

Institutional Trading of FS Bancorp

A number of large investors have recently modified their holdings of FSBW. Assenagon Asset Management S.A. increased its holdings in shares of FS Bancorp by 587.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 81,599 shares of the bank’s stock worth $2,449,000 after acquiring an additional 69,732 shares during the period. Millennium Management LLC increased its stake in FS Bancorp by 137.3% during the 2nd quarter. Millennium Management LLC now owns 103,038 shares of the bank’s stock valued at $2,958,000 after buying an additional 59,615 shares during the period. Citadel Advisors LLC acquired a new position in FS Bancorp during the 2nd quarter valued at about $1,697,000. T. Rowe Price Investment Management Inc. increased its stake in FS Bancorp by 5.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 821,427 shares of the bank’s stock valued at $27,469,000 after buying an additional 44,913 shares during the period. Finally, Jane Street Group LLC acquired a new position in FS Bancorp during the 1st quarter valued at about $951,000. Institutional investors and hedge funds 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.