FS Bancorp (NASDAQ:FSBW) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• FS Bancorp shares crossed above their 200-day moving average, reaching $44.51 and last trading at $44.48, versus a 200-day average of $41.56.
• Analyst sentiment is mixed: the stock carries an average “Hold” rating with a $45 price target, including a recent downgrade to “Strong Sell” from Zacks Research.
• The company reported quarterly EPS of $1.08, in line with estimates, and pays a $0.29 quarterly dividend, equating to a 2.6% yield and a 26.73% payout ratio.

FS Bancorp, Inc. (NASDAQ:FSBW - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.56 and traded as high as $44.51. FS Bancorp shares last traded at $44.48, with a volume of 29,738 shares trading hands.

Analyst Upgrades and Downgrades

FSBW has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of FS Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, June 29th. DA Davidson reissued a "neutral" rating and set a $45.00 price target on shares of FS Bancorp in a research report on Wednesday, July 22nd. Brean Capital cut shares of FS Bancorp from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Monday, July 27th. Finally, Zacks Research cut shares of FS Bancorp from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, FS Bancorp currently has an average rating of "Hold" and an average price target of $45.00.

FS Bancorp Stock Up 1.5%

The stock has a fifty day moving average of $43.23 and a 200 day moving average of $41.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.10 and a quick ratio of 1.09. The firm has a market capitalization of $330.49 million, a P/E ratio of 10.25 and a beta of 0.66.

FS Bancorp (NASDAQ:FSBW - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.08. The firm had revenue of $5.24 million during the quarter, compared to the consensus estimate of $38.00 million. FS Bancorp had a return on equity of 10.86% and a net margin of 14.88%. On average, research analysts anticipate that FS Bancorp, Inc. will post 4.34 EPS for the current fiscal year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.29 per share. The ex-dividend date was Friday, August 7th. This represents a $1.16 annualized dividend and a yield of 2.6%. FS Bancorp's dividend payout ratio is presently 26.73%.

Insider Transactions at FS Bancorp

In related news, Director Terri Degner sold 975 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $43.25, for a total transaction of $42,168.75. Following the completion of the sale, the director owned 1,200 shares in the company, valued at approximately $51,900. This trade represents a 44.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of FS Bancorp by 6.0% in the first quarter. Bank of America Corp DE now owns 6,033 shares of the bank's stock worth $233,000 after acquiring an additional 343 shares during the period. Legal & General Group Plc purchased a new position in shares of FS Bancorp in the second quarter valued at $26,000. Aristides Capital LLC raised its stake in shares of FS Bancorp by 4.2% during the 1st quarter. Aristides Capital LLC now owns 34,437 shares of the bank's stock valued at $1,329,000 after purchasing an additional 1,396 shares during the period. Squarepoint Ops LLC raised its stake in shares of FS Bancorp by 15.8% during the 2nd quarter. Squarepoint Ops LLC now owns 13,769 shares of the bank's stock valued at $598,000 after purchasing an additional 1,874 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of FS Bancorp by 16.0% during the 1st quarter. Quantinno Capital Management LP now owns 17,955 shares of the bank's stock valued at $693,000 after purchasing an additional 2,480 shares during the period. 63.88% of the stock is owned by institutional investors.

FS Bancorp Company Profile

FS Bancorp, Inc is the bank holding company for 1st Security Bank of Washington, a community bank headquartered in Mountlake Terrace, Washington. The company serves individuals, families, businesses and other organizations primarily through banking operations in Washington state.

Through 1st Security Bank, FS Bancorp offers deposit products, residential and commercial real estate loans, construction and land development financing, commercial and industrial loans, consumer lending and other traditional banking services.

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