FS Bancorp (NASDAQ:FSBW) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of FS Bancorp, Inc. (NASDAQ:FSBW) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $40.64 and traded as high as $41.69. FS Bancorp shares last traded at $41.17, with a volume of 7,818 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson set a $41.00 target price on FS Bancorp in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of FS Bancorp in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, FS Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

FS Bancorp Stock Performance

The stock has a market cap of $309.60 million, a price-to-earnings ratio of 10.04 and a beta of 0.72. The company’s 50-day simple moving average is $40.64 and its 200-day simple moving average is $40.51. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

FS Bancorp (NASDAQ:FSBW) last issued its earnings results on Tuesday, October 21st. The bank reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. FS Bancorp had a return on equity of 10.84% and a net margin of 15.10%.The business had revenue of $39.28 million for the quarter, compared to analysts’ expectations of $38.15 million. Analysts predict that FS Bancorp, Inc. will post 4.26 EPS for the current fiscal year.

FS Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, November 6th. FS Bancorp’s dividend payout ratio is 27.32%.

Insiders Place Their Bets

In other FS Bancorp news, Director Marina Cofer-Wildsmith sold 3,807 shares of FS Bancorp stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $40.00, for a total transaction of $152,280.00. Following the transaction, the director directly owned 5,590 shares in the company, valued at approximately $223,600. The trade was a 40.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 6,356 shares of company stock worth $254,241. Insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On FS Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC raised its stake in FS Bancorp by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 1,746 shares of the bank’s stock valued at $69,000 after purchasing an additional 246 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of FS Bancorp by 3.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 8,816 shares of the bank’s stock worth $347,000 after purchasing an additional 291 shares during the period. Rhumbline Advisers increased its holdings in shares of FS Bancorp by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 9,891 shares of the bank’s stock worth $390,000 after purchasing an additional 446 shares during the period. CWM LLC raised its position in shares of FS Bancorp by 135.0% during the third quarter. CWM LLC now owns 1,060 shares of the bank’s stock valued at $42,000 after buying an additional 609 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of FS Bancorp by 1,852.8% in the third quarter. Russell Investments Group Ltd. now owns 703 shares of the bank’s stock valued at $28,000 after buying an additional 667 shares during the period. Hedge funds and other institutional investors own 63.88% of the company’s stock.

About FS Bancorp

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.