FS Bancorp (NASDAQ:FSBW) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of FS Bancorp, Inc. (NASDAQ:FSBW) 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 changing hands.

Analyst Upgrades and Downgrades

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

FS Bancorp Trading Up 0.5%

The stock has a market capitalization of $235.17 million, a P/E ratio of 10.13 and a beta of 0.65. The stock has a 50-day moving average price of $41.70 and a two-hundred day moving average price of $41.07. 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 announced its earnings results on Wednesday, April 22nd. The bank reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The company 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 10.88% and a net margin of 14.91%. On average, research analysts forecast that FS Bancorp, Inc. will post 4.64 EPS for the current fiscal year.

FS Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FSBW. Empowered Funds LLC increased its position in shares of FS Bancorp by 7.2% during the first quarter. Empowered Funds LLC now owns 38,822 shares of the bank’s stock valued at $1,476,000 after buying an additional 2,611 shares during the period. Geode Capital Management LLC boosted its position in FS Bancorp by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after acquiring an additional 826 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of FS Bancorp by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock worth $390,000 after acquiring an additional 446 shares during the period. Marshall Wace LLP purchased a new position in shares of FS Bancorp during the 2nd quarter worth approximately $262,000. Finally, Jane Street Group LLC bought a new position in shares of FS Bancorp in the 2nd quarter worth approximately $413,000. 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.