FS Bancorp (NASDAQ:FSBW) Shares Pass Above 200-Day Moving Average – Time to Sell?

FS Bancorp, Inc. (NASDAQ:FSBW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.17 and traded as high as $42.29. FS Bancorp shares last traded at $41.92, with a volume of 6,633 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered FS Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

FS Bancorp Stock Performance

The firm has a market capitalization of $327.69 million, a price-to-earnings ratio of 8.90 and a beta of 0.94. The firm’s 50-day moving average price is $45.43 and its two-hundred day moving average price is $42.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.06.

FS Bancorp (NASDAQ:FSBW) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. The firm had revenue of $53.01 million during the quarter, compared to analysts’ expectations of $37.10 million. FS Bancorp had a net margin of 18.28% and a return on equity of 13.42%. Sell-side analysts predict that FS Bancorp, Inc. will post 4.52 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, November 7th. FS Bancorp’s dividend payout ratio is 22.93%.

Institutional Investors Weigh In On FS Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSBW. Copeland Capital Management LLC bought a new position in FS Bancorp during the 3rd quarter valued at about $62,000. SG Americas Securities LLC acquired a new stake in shares of FS Bancorp during the third quarter worth approximately $103,000. Advisors Asset Management Inc. raised its stake in shares of FS Bancorp by 165.1% in the third quarter. Advisors Asset Management Inc. now owns 4,146 shares of the bank’s stock valued at $184,000 after acquiring an additional 2,582 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of FS Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock worth $372,000 after acquiring an additional 434 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of FS Bancorp by 43.9% in the 3rd quarter. Jane Street Group LLC now owns 8,784 shares of the bank’s stock worth $391,000 after acquiring an additional 2,678 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

FS Bancorp Company Profile

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.