FS Bancorp, Inc. (FSBW) Stock Faces Lower Risks Forward After Forming Bullish Wedge Up

December 7, 2017 - By Vivian Currie

Investors sentiment increased to 2.44 in Q2 2017. Its up 0.11, from 2.33 in 2017Q1. It increased, as 0 investors sold FS Bancorp, Inc. shares while 9 reduced holdings. 11 funds opened positions while 11 raised stakes. 883,000 shares or 0.45% more from 879,041 shares in 2017Q1 were reported.
Federated Pa invested in 0% or 32 shares. Tcw Group Inc Inc stated it has 106,768 shares or 0.04% of all its holdings. Price T Rowe Associate Md accumulated 0% or 197,236 shares. Tower Rech Cap Lc (Trc) reported 32 shares. The Virginia-based Fj Capital Mgmt Lc has invested 0.32% in FS Bancorp, Inc. (NASDAQ:FSBW). Panagora Asset Mgmt reported 0% in FS Bancorp, Inc. (NASDAQ:FSBW). Raymond James & Associates accumulated 84,895 shares. Vanguard Gp owns 65,698 shares or 0% of their US portfolio. Pacific Ridge Capital Partners Ltd holds 0.74% or 56,203 shares. Blackrock Inc owns 0% invested in FS Bancorp, Inc. (NASDAQ:FSBW) for 34,439 shares. Da Davidson And has invested 0% in FS Bancorp, Inc. (NASDAQ:FSBW). Deutsche Retail Bank Ag holds 0% or 8,389 shares in its portfolio. Beese Fulmer Mngmt Inc holds 0.05% of its portfolio in FS Bancorp, Inc. (NASDAQ:FSBW) for 4,983 shares. Tradewinds Mngmt Ltd Liability Corp has invested 0.01% in FS Bancorp, Inc. (NASDAQ:FSBW). Wellington Mgmt Ltd Liability Partnership has 99,621 shares.

The stock of FS Bancorp, Inc. (FSBW) formed an up wedge with $59.32 target or 4.00 % above today’s $57.04 share price. The 5 months wedge indicates low risk for the $209.62M company. If the $59.32 price target is reached, the company will be worth $8.38M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.31% or $0.18 during the last trading session, reaching $57.04. About 5,847 shares traded. FS Bancorp, Inc. (NASDAQ:FSBW) has risen 72.33% since December 8, 2016 and is uptrending. It has outperformed by 55.63% the S&P500.

Analysts await FS Bancorp, Inc. (NASDAQ:FSBW) to report earnings on January, 25. They expect $0.92 earnings per share, up 6.98 % or $0.06 from last year’s $0.86 per share. FSBW’s profit will be $3.38M for 15.50 P/E if the $0.92 EPS becomes a reality. After $1.07 actual earnings per share reported by FS Bancorp, Inc. for the previous quarter, Wall Street now forecasts -14.02 % negative EPS growth.

FS Bancorp, Inc. (NASDAQ:FSBW) Ratings Coverage

Among 2 analysts covering FS Bancorp (NASDAQ:FSBW), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. FS Bancorp had 2 analyst reports since April 19, 2017 according to SRatingsIntel.

More important 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 $4.4 million or …” on July 27, 2017, also Globenewswire.com published article titled: “FS Bancorp, Inc. Announces Pricing of Upsized Public Offering of Common Stock”, Nasdaq.com published: “FS Bancorp, Inc. (FSBW) Ex-Dividend Date Scheduled for November 08, 2017” on November 07, 2017. More interesting news about FS Bancorp, Inc. (NASDAQ:FSBW) was released by: Globenewswire.com and their article: “CORRECTING AND REPLACING — FS Bancorp, Inc. Reports Net Income for the Third …” with publication date: November 01, 2017.

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