FS Bancorp (NASDAQ:FSBW) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

FS Bancorp, Inc. (NASDAQ:FSBW)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.52 and traded as high as $41.97. FS Bancorp shares last traded at $41.51, with a volume of 8,675 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FSBW. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a research report on Friday, January 9th. DA Davidson boosted their price objective on FS Bancorp from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.00.

FS Bancorp Stock Performance

The firm has a market capitalization of $311.41 million, a price-to-earnings ratio of 9.68 and a beta of 0.68. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $39.94 and a 200 day moving average price of $40.52.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings data on Tuesday, April 21st. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $37.95 million during the quarter, compared to the consensus estimate of $37.70 million. FS Bancorp had a return on equity of 10.99% and a net margin of 14.91%. On average, analysts forecast that FS Bancorp, Inc. will post 4.3 EPS for the current year.

FS Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.16 annualized dividend and a yield of 2.8%. FS Bancorp’s payout ratio is presently 27.04%.

Institutional Investors Weigh In On FS Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in FS Bancorp by 4.5% during the fourth quarter. Empowered Funds LLC now owns 39,823 shares of the bank’s stock worth $1,640,000 after purchasing an additional 1,731 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in FS Bancorp by 2.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock worth $3,429,000 after purchasing an additional 1,731 shares during the last quarter. AQR Capital Management LLC lifted its stake in FS Bancorp by 3.4% during the fourth quarter. AQR Capital Management LLC now owns 15,256 shares of the bank’s stock worth $628,000 after purchasing an additional 503 shares during the last quarter. Trexquant Investment LP lifted its stake in FS Bancorp by 60.4% during the fourth quarter. Trexquant Investment LP now owns 10,568 shares of the bank’s stock worth $435,000 after purchasing an additional 3,978 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in FS Bancorp during the fourth quarter worth approximately $361,000. Hedge funds and other 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.