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

Shares of FS Bancorp, Inc. (NASDAQ:FSBW) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $40.64 and traded as high as $41.69. FS Bancorp shares last traded at $41.17, with a volume of 7,818 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a research report on Tuesday, October 14th. DA Davidson set a $41.00 price objective on shares of FS Bancorp in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, FS Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

FS Bancorp Stock Down 0.5%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $309.60 million, a P/E ratio of 10.04 and a beta of 0.72. The stock has a fifty day moving average price of $40.64 and a two-hundred day moving average price of $40.51.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings results on Tuesday, October 21st. The bank reported $1.18 EPS for the quarter, beating the consensus estimate of $1.08 by $0.10. The business had revenue of $39.28 million during the quarter, compared to analyst estimates of $38.15 million. FS Bancorp had a net margin of 15.10% and a return on equity of 10.84%. Research analysts forecast that FS Bancorp, Inc. will post 4.26 EPS for the current year.

FS Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. FS Bancorp’s dividend payout ratio (DPR) is 27.32%.

Insider Buying and Selling

In other FS Bancorp news, Director Marina Cofer-Wildsmith sold 3,807 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $40.00, for a total value of $152,280.00. Following the sale, the director directly owned 5,590 shares of the company’s stock, valued at $223,600. This trade represents a 40.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 6,356 shares of company stock worth $254,241. 12.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake 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 valued at $28,000 after purchasing an additional 667 shares during the period. CWM LLC raised its stake in FS Bancorp by 135.0% during the 3rd quarter. CWM LLC now owns 1,060 shares of the bank’s stock valued at $42,000 after acquiring an additional 609 shares in the last quarter. Root Financial Partners LLC acquired a new position in FS Bancorp during the 3rd quarter worth $49,000. BNP Paribas Financial Markets boosted its position in FS Bancorp by 104.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank’s stock worth $53,000 after acquiring an additional 679 shares during the period. Finally, Copeland Capital Management LLC grew its stake in shares of FS Bancorp by 16.4% in the second quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank’s stock worth $69,000 after purchasing an additional 246 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

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.