The stock of FS Bancorp Inc (NASDAQ:FSBW) reached all time high today, Oct, 28 and still has $53.25 target or 79.00% above today’s $29.75 share price. This indicates more upside for the $91.62 million company. This technical setup was reported by Barchart.com. If the $53.25 PT is reached, the company will be worth $72.38M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 24,166 shares traded hands or 682.83% up from the average. FS Bancorp Inc (NASDAQ:FSBW) has risen 13.71% since March 28, 2016 and is uptrending. It has outperformed by 8.99% the S&P500.
According to Zacks Investment Research, “FS Bancorp, Inc. is a holding company of 1st Security Bank of Washington that delivers banking and financial services to local families, local and regional businesses and industry niches within distinct Puget Sound area communities. It originates home improvement loans, commercial real estate mortgage loans, commercial business loans, and second mortgage/home equity loan products, consumer loans, including home improvement loans. The company also offers various lending products, such as commercial real estate, commercial business, and residential construction lending. FS Bancorp, Inc. is headquartered in Mountlake Terrace, Washington.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 2.40, from 3.5 in 2016Q1. The ratio worsened, as 6 funds sold all FS Bancorp Inc shares owned while 4 reduced positions. 5 funds bought stakes while 6 increased positions. They now own 664,499 shares or 53.16% less from 1.42 million shares in 2016Q1.
Blackrock Institutional Tru Company Na accumulated 49,038 shares or 0% of the stock. Royal Comml Bank Of Canada holds 0% or 19,562 shares in its portfolio. Moreover, Pacific Ridge Capital Prtnrs Ltd Limited Liability Company has 0.48% invested in FS Bancorp Inc (NASDAQ:FSBW) for 42,180 shares. Seizert Capital Prtnrs Lc has invested 0.02% of its portfolio in FS Bancorp Inc (NASDAQ:FSBW). Vanguard Group Inc, a Pennsylvania-based fund reported 59,304 shares. Ladenburg Thalmann Finance Serv accumulated 2,200 shares or 0% of the stock. Moreover, Price T Rowe Associates Md has 0% invested in FS Bancorp Inc (NASDAQ:FSBW) for 72,790 shares. Deutsche Financial Bank Ag holds 3,678 shares or 0% of its portfolio. Bancorp Of America Corporation De owns 256 shares or 0% of their US portfolio. Fj Cap Ltd Liability Corporation accumulated 66,000 shares or 0.33% of the stock. Blackrock Fund Advisors owns 569 shares or 0% of their US portfolio. Tower Rech (Trc) last reported 0% of its portfolio in the stock. Raymond James And Assoc reported 97,145 shares or 0.01% of all its holdings. Lsv Asset Mngmt has invested 0% of its portfolio in FS Bancorp Inc (NASDAQ:FSBW). Wellington Mngmt Llp last reported 189,558 shares in the company.
Insider Transactions: Since August 1, 2016, the stock had 1 buy, and 0 selling transactions for $54,304 net activity. Shares for $54,304 were bought by TUEFFERS MARK.
More notable recent FS Bancorp Inc (NASDAQ:FSBW) news were published by: Globenewswire.com which released: “FS Bancorp, Inc. Reports Net Income for the Second Quarter of $2.8 million or …” on July 27, 2016, also Globenewswire.com with their article: “FS Bancorp Announces Promotions of Senior Officers of 1st Security Bank and …” published on February 01, 2016, Globenewswire.com published: “1st Security Bank to Acquire Four Banking Locations on the Olympic Peninsula” on September 02, 2015. More interesting news about FS Bancorp Inc (NASDAQ:FSBW) were released by: Globenewswire.com and their article: “1st Security Bank Announces Completion of Branch Acquisition” published on January 25, 2016 as well as Investorplace.com‘s news article titled: “Biggest Movers in Financial Stocks Now – XELB NRT MPB FSBW” with publication date: September 01, 2016.
FSBW Company Profile
FS Bancorp, Inc., incorporated on October 16, 2011, is a holding firm for 1st Security Bank of Washington (the Bank). The Firm is a diversified lender with a focus on the origination of indirect home improvement loans, also referred to as fixture secured loans, commercial real estate mortgage loans, home loans, commercial business loans and second mortgage and home equity loan products. The Firm operates through the community banking segment. The Bank is a relationship-driven community bank. The Bank offers banking and financial services to local families, local and regional businesses and various industries within distinct Puget Sound area communities.
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