FS Bancorp (NASDAQ:FSBW) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• FS Bancorp's shares recently crossed above the 200-day moving average, trading as high as $41.97 versus a 200‑day MA of $40.52 and last at $41.51 on volume of about 8,675 shares.
• Analysts have a consensus "Moderate Buy" with a $46 price target; DA Davidson raised its target to $46 (Neutral) and Weiss Ratings reissued a Buy.
• The bank has a $311.4M market cap and a P/E of 9.68, reported an EPS beat ($1.02 vs. $1.01) last quarter, and pays a $0.29 quarterly dividend (annualized $1.16, ~2.8% yield, 27% payout ratio).

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.52 and traded as high as $41.97. FS Bancorp shares last traded at $41.51, with a volume of 8,675 shares.

Wall Street Analyst Weigh In

FSBW has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on FS Bancorp from $45.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday, February 27th. Weiss Ratings reissued a "buy (b-)" rating on shares of FS Bancorp in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

FS Bancorp Stock Performance

The company has a market capitalization of $311.41 million, a price-to-earnings ratio of 9.68 and a beta of 0.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a 50-day simple moving average of $39.94 and a two-hundred day simple moving average of $40.52.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last released its earnings results on Tuesday, April 21st. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate 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 10.99% and a net margin of 14.91%. On average, sell-side analysts anticipate that FS Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

FS Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, May 7th. FS Bancorp's payout ratio is currently 27.04%.

Hedge Funds Weigh In On FS Bancorp

Several institutional investors have recently bought and sold shares of FSBW. Russell Investments Group Ltd. grew its position in FS Bancorp by 1,852.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 703 shares of the bank's stock valued at $28,000 after acquiring an additional 667 shares in the last quarter. CWM LLC grew its position in FS Bancorp by 135.0% in 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 in the 3rd quarter valued at about $49,000. BNP Paribas Financial Markets grew its position in shares of FS Bancorp by 104.3% during the third quarter. BNP Paribas Financial Markets now owns 1,330 shares of the bank's stock worth $53,000 after buying an additional 679 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of FS Bancorp by 489.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,980 shares of the bank's stock worth $78,000 after buying an additional 1,644 shares in the last quarter. 63.88% of the stock is owned by institutional investors and hedge funds.

FS Bancorp Company Profile

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.

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