FS Bancorp Inc (NASDAQ:FSBW) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $49.32 and traded as high as $48.95. FS Bancorp shares last traded at $48.95, with a volume of 8,803 shares.
FSBW has been the subject of several recent analyst reports. ValuEngine downgraded FS Bancorp from a “hold” rating to a “sell” rating in a report on Friday, May 24th. DA Davidson reissued a “neutral” rating on shares of FS Bancorp in a report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded FS Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st.
The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $215.96 million, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02. The firm has a fifty day moving average price of $49.32.
In related news, VP Debra Lynn Steck sold 30,540 shares of FS Bancorp stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $48.02, for a total transaction of $1,466,530.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.62% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of FS Bancorp by 2,590.0% during the first quarter. BNP Paribas Arbitrage SA now owns 807 shares of the bank’s stock worth $41,000 after purchasing an additional 777 shares during the period. Pecaut & CO. acquired a new stake in shares of FS Bancorp during the first quarter worth about $214,000. Wedbush Securities Inc. acquired a new stake in shares of FS Bancorp during the first quarter worth about $233,000. FCA Corp TX acquired a new stake in shares of FS Bancorp during the second quarter worth about $245,000. Finally, Bailard Inc. acquired a new stake in shares of FS Bancorp during the first quarter worth about $272,000. 55.69% of the stock is owned by hedge funds and other institutional investors.
About FS Bancorp (NASDAQ:FSBW)
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.
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