FS Bancorp (NASDAQ:FSBW) Stock 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 Tuesday . The stock has a 50 day moving average of $40.06 and traded as high as $41.22. FS Bancorp shares last traded at $40.65, with a volume of 8,276 shares changing hands.

Analyst Upgrades and Downgrades

FSBW has been the subject of several recent research reports. Weiss Ratings lowered shares of FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. DA Davidson boosted their target price on shares of FS Bancorp from $45.00 to $46.00 and gave the company 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 data from MarketBeat.com, FS Bancorp has an average rating of “Moderate Buy” and an average price target of $46.00.

FS Bancorp Trading Down 0.9%

The stock’s 50-day simple moving average is $40.06 and its two-hundred day simple moving average is $40.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $220.12 million, a P/E ratio of 9.48 and a beta of 0.67.

FS Bancorp (NASDAQ:FSBW) last released its earnings results on Wednesday, April 22nd. The bank reported $1.02 EPS for the quarter, topping the consensus estimate of $1.01 by $0.01. FS Bancorp had a net margin of 14.91% and a return on equity of 10.88%. The firm had revenue of $37.95 million for the quarter, compared to the consensus estimate of $37.70 million. Equities research analysts expect that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, May 7th. FS Bancorp’s payout ratio is 27.04%.

Hedge Funds Weigh In On FS Bancorp

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in shares of FS Bancorp by 1,852.8% in the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock worth $28,000 after buying an additional 667 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of FS Bancorp by 104.3% in the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after buying an additional 679 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of FS Bancorp by 489.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank’s stock worth $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 fourth quarter worth $193,000. Finally, Bank of America Corp DE lifted its holdings in shares of FS Bancorp by 6.0% in the first 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 in the last quarter. 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.