FS Bancorp (NASDAQ:FSBW) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

FS Bancorp, Inc. (NASDAQ:FSBW) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $41.20 and traded as high as $43.31. FS Bancorp shares last traded at $43.16, with a volume of 14,231 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The firm has a market cap of $233.50 million, a P/E ratio of 10.06 and a beta of 0.66. The firm has a 50-day simple moving average of $41.20 and a 200-day simple moving average of $41.03.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $37.95 million for the quarter, compared to the consensus estimate of $37.70 million. FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%. As a group, analysts forecast that FS Bancorp, Inc. will post 4.64 EPS for the current year.

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. FS Bancorp’s dividend payout ratio (DPR) is presently 27.04%.

Hedge Funds Weigh In On FS Bancorp

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of FS Bancorp by 1,852.8% during the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after buying an additional 667 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of FS Bancorp by 104.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock valued at $53,000 after buying an additional 679 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of FS Bancorp by 489.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock valued at $78,000 after buying an additional 1,644 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of FS Bancorp in the 4th quarter worth approximately $193,000. Finally, Bank of America Corp DE grew its position in shares of FS Bancorp by 6.0% in the 1st quarter. Bank of America Corp DE now owns 6,033 shares of the bank’s stock worth $233,000 after buying an additional 343 shares during the last quarter. 63.88% of the stock is currently 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.