FS Bancorp (NASDAQ:FSBW) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

FS Bancorp, Inc. (NASDAQ:FSBW)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $41.70 and traded as high as $44.48. FS Bancorp shares last traded at $43.47, with a volume of 18,676 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Stock Performance

The firm has a market capitalization of $238.20 million, a price-to-earnings ratio of 10.26 and a beta of 0.65. The firm’s 50-day moving average price is $41.78 and its two-hundred day moving average price is $41.09. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.02 and a current ratio of 1.04.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.01. The firm had revenue of $37.95 million during the quarter, compared to analyst estimates of $37.70 million. FS Bancorp had a net margin of 14.91% and a return on equity of 10.88%. Sell-side analysts predict that FS Bancorp, Inc. will post 4.64 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, May 7th. FS Bancorp’s dividend payout ratio is currently 27.04%.

Institutional Investors Weigh In On FS Bancorp

Several large investors have recently made changes to their positions in FSBW. Bank of America Corp DE boosted its position in FS Bancorp by 6.0% in the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock valued at $233,000 after buying an additional 343 shares in the last quarter. Rhumbline Advisers raised its stake in shares of FS Bancorp by 4.7% in the second quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock valued at $390,000 after acquiring an additional 446 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of FS Bancorp by 3.4% in the fourth quarter. AQR Capital Management LLC now owns 15,256 shares of the bank’s stock valued at $628,000 after acquiring an additional 503 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after acquiring an additional 667 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in FS Bancorp by 104.3% during the 3rd 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. Institutional investors own 63.88% of the company’s stock.

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.