FS Bancorp (NASDAQ:FSBW) Stock Crosses Above Fifty Day Moving Average – Here’s Why

FS Bancorp, Inc. (NASDAQ:FSBW)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $41.20 and traded as high as $43.31. FS Bancorp shares last traded at $43.16, with a volume of 14,231 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of FS Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.00.

FS Bancorp Price Performance

The stock has a fifty day moving average of $41.25 and a two-hundred day moving average of $41.03. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $239.88 million, a price-to-earnings ratio of 10.34 and a beta of 0.66.

FS Bancorp (NASDAQ:FSBW) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The company had revenue of $37.95 million for the quarter, compared to analyst estimates of $37.70 million. FS Bancorp had a return on equity of 10.88% and a net margin of 14.91%. As a group, equities research analysts forecast that FS Bancorp, Inc. will post 4.64 earnings per share for the current year.

FS Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.16 annualized dividend and a yield of 2.6%. FS Bancorp’s dividend payout ratio is 27.04%.

Institutional Investors Weigh In On FS Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of FS Bancorp by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 418,353 shares of the bank’s stock worth $17,224,000 after acquiring an additional 1,727 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of FS Bancorp by 0.5% during the second quarter. Geode Capital Management LLC now owns 163,340 shares of the bank’s stock valued at $6,434,000 after purchasing an additional 826 shares during the last quarter. Royce & Associates LP increased its holdings in shares of FS Bancorp by 35.1% in the third quarter. Royce & Associates LP now owns 103,348 shares of the bank’s stock valued at $4,126,000 after purchasing an additional 26,840 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of FS Bancorp by 2.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 83,294 shares of the bank’s stock valued at $3,429,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Siena Capital Partners GP LLC raised its position in FS Bancorp by 156.1% in the 4th quarter. Siena Capital Partners GP LLC now owns 52,441 shares of the bank’s stock worth $2,159,000 after purchasing an additional 31,965 shares during the last quarter. Institutional investors and hedge funds own 63.88% of the company’s stock.

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.