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

Shares of FS Bancorp, Inc. (NASDAQ:FSBW) crossed 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 trading hands.

Wall Street Analyst Weigh In

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

FS Bancorp Stock Up 3.0 %

The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The stock has a market cap of $337.46 million, a P/E ratio of 9.17 and a beta of 0.94. The stock’s fifty day moving average price is $45.37 and its 200 day moving average price is $42.16.

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

FS Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.50%. FS Bancorp’s dividend payout ratio (DPR) is currently 22.93%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FSBW. De Lisle Partners LLP increased its holdings in FS Bancorp by 34.0% during the 3rd quarter. De Lisle Partners LLP now owns 358,765 shares of the bank’s stock valued at $15,982,000 after purchasing an additional 91,123 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of FS Bancorp by 92.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,191 shares of the bank’s stock worth $631,000 after buying an additional 6,823 shares during the last quarter. Barclays PLC increased its stake in shares of FS Bancorp by 30.0% during the third quarter. Barclays PLC now owns 27,418 shares of the bank’s stock valued at $1,220,000 after buying an additional 6,331 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of FS Bancorp by 22.7% during the third quarter. Assenagon Asset Management S.A. now owns 30,292 shares of the bank’s stock valued at $1,348,000 after acquiring an additional 5,614 shares in the last quarter. Finally, State Street Corp lifted its stake in FS Bancorp by 4.9% in the third quarter. State Street Corp now owns 113,851 shares of the bank’s stock worth $5,065,000 after acquiring an additional 5,313 shares during the period. 63.88% of the stock is owned by hedge funds and other institutional investors.

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.