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

FS Bancorp, Inc. (NASDAQ:FSBW)’s share price 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 trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FSBW. DA Davidson upped their price target on shares of FS Bancorp from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Weiss Ratings downgraded shares of FS Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.00.

FS Bancorp Trading Down 0.9%

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

FS Bancorp (NASDAQ:FSBW) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.02 earnings per share for the quarter, beating 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 business had revenue of $37.95 million for the quarter, compared to the consensus estimate of $37.70 million. As a group, sell-side analysts forecast that FS Bancorp, Inc. will post 4.34 EPS for the current year.

FS Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Daytona Street Capital LLC bought a new position in shares of FS Bancorp in the fourth quarter worth about $1,335,000. Royce & Associates LP grew its holdings in shares of FS Bancorp by 35.1% in the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock worth $4,126,000 after purchasing an additional 26,840 shares during the last quarter. Teton Advisors LLC bought a new position in shares of FS Bancorp in the third quarter worth about $838,000. Siena Capital Partners GP LLC bought a new position in shares of FS Bancorp in the third quarter worth about $817,000. Finally, Squarepoint Ops LLC bought a new position in shares of FS Bancorp in the fourth quarter worth about $361,000. 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.