FS Bancorp (NASDAQ:FSBW) Stock Price Crosses Above Two Hundred Day Moving Average – Should You 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 traded.

Analyst Upgrades and Downgrades

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

FS Bancorp Price Performance

The stock has a market capitalization of $327.69 million, a PE ratio of 8.90 and a beta of 0.94. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average is $45.43 and its 200 day moving average is $42.17.

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

FS Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.27 per share. 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 payout ratio is presently 22.93%.

Institutional Investors Weigh In On FS Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in FS Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 10,197 shares of the bank’s stock valued at $372,000 after purchasing an additional 434 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of FS Bancorp by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 30,076 shares of the bank’s stock worth $1,339,000 after buying an additional 597 shares during the period. Copeland Capital Management LLC acquired a new position in FS Bancorp in the 3rd quarter valued at $62,000. Panagora Asset Management Inc. raised its holdings in FS Bancorp by 8.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 21,347 shares of the bank’s stock worth $778,000 after acquiring an additional 1,707 shares during the period. Finally, Empowered Funds LLC lifted its position in FS Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,519 shares of the bank’s stock worth $1,536,000 after acquiring an additional 1,742 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

About FS Bancorp

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.