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FSBW 
FS Bancorp Inc (FSBW)
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Upturn Advisory Summary
11/05/2025: FSBW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $44
1 Year Target Price $44
| 1 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -6.2% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 286.42M USD | Price to earnings Ratio 9.29 | 1Y Target Price 44 |
Price to earnings Ratio 9.29 | 1Y Target Price 44 | ||
Volume (30-day avg) 3 | Beta 0.71 | 52 Weeks Range 33.92 - 47.85 | Updated Date 11/6/2025 |
52 Weeks Range 33.92 - 47.85 | Updated Date 11/6/2025 | ||
Dividends yield (FY) 2.95% | Basic EPS (TTM) 4.09 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-21 | When After Market | Estimate 1.08 | Actual 1.03 |
Profitability
Profit Margin 22.92% | Operating Margin (TTM) 35.05% |
Management Effectiveness
Return on Assets (TTM) 1.05% | Return on Equity (TTM) 10.96% |
Valuation
Trailing PE 9.29 | Forward PE 8.9 | Enterprise Value 407165952 | Price to Sales(TTM) 2.03 |
Enterprise Value 407165952 | Price to Sales(TTM) 2.03 | ||
Enterprise Value to Revenue 3.9 | Enterprise Value to EBITDA - | Shares Outstanding 7535330 | Shares Floating 6148865 |
Shares Outstanding 7535330 | Shares Floating 6148865 | ||
Percent Insiders 14.86 | Percent Institutions 71.47 |
Upturn AI SWOT
FS Bancorp Inc
Company Overview
History and Background
FS Bancorp, Inc. is the holding company for Farmington State Bank. It focuses on providing community banking services. Founded to support the local economy, the bank has grown through organic expansion and strategic acquisitions.
Core Business Areas
- Community Banking: Offers traditional banking services like checking and savings accounts, loans, and mortgages to individuals and small businesses.
- Commercial Lending: Provides loans to businesses for various purposes including expansion, equipment, and working capital.
- Mortgage Lending: Originates and services residential mortgage loans.
Leadership and Structure
FS Bancorp, Inc. has a board of directors overseeing executive management. The management team is responsible for day-to-day operations and strategic planning.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: Provides financing for commercial properties. Competitors include larger regional and national banks and credit unions. Market share is dependent on location and competitive forces, with no readily available national share.
- Residential Mortgages: Offers mortgage products for home purchases and refinancing. Competitors include national mortgage lenders and other regional banks. Market share is dependent on location and competitive forces, with no readily available national share.
- Deposit Accounts: Checking, Savings, Money Market, and CD accounts. Competitors include online banks and credit unions. Market share is dependent on location and competitive forces, with no readily available national share.
Market Dynamics
Industry Overview
The banking industry is currently facing challenges from rising interest rates, increased competition from fintech companies, and regulatory changes. Community banks are focused on maintaining customer relationships and local market expertise.
Positioning
FS Bancorp Inc. is positioned as a community bank focused on serving the needs of its local markets. It emphasizes customer service and local decision-making as competitive advantages.
Total Addressable Market (TAM)
The TAM is the total banking market in the regions it operates. FS Bancorp Inc. is positioned to capture a portion of this market through its community-focused approach.
Upturn SWOT Analysis
Strengths
- Strong local presence
- Customer-focused approach
- Experienced management team
- Solid balance sheet
Weaknesses
- Limited geographic reach
- Smaller scale compared to larger banks
- Reliance on traditional banking products
- Potential exposure to interest rate risk
Opportunities
- Expansion into new markets
- Adoption of new technologies
- Strategic acquisitions
- Increasing demand for community banking services
Threats
- Increased competition from larger banks and fintech companies
- Rising interest rates
- Regulatory changes
- Economic downturn
Competitors and Market Share
Key Competitors
- BOKF
- OZK
- CMA
Competitive Landscape
FS Bancorp Inc. competes with larger regional and national banks, as well as credit unions and fintech companies. Its competitive advantage lies in its local market knowledge and customer relationships.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by organic growth and strategic acquisitions. Specific numbers require analysis of historical financials.
Future Projections: Future projections depend on market conditions and strategic execution. Analyst estimates are needed.
Recent Initiatives: Recent initiatives include investments in technology and expansion into new markets.
Summary
FS Bancorp Inc. is a community bank with a solid foundation in its local markets. It benefits from strong customer relationships but faces challenges from larger competitors and changing market dynamics. Strategic acquisitions and technological investments are key to future growth. Monitoring interest rates and regulatory changes is essential for mitigating risks.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Market Research Reports
- Industry News Articles
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial data should be verified through official SEC filings and financial reports.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FS Bancorp Inc
Exchange NASDAQ | Headquaters Mountlake Terrace, WA, United States | ||
IPO Launch date 2012-07-10 | CEO & Director Mr. Joseph C. Adams | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 575 | Website https://www.fsbwa.com |
Full time employees 575 | Website https://www.fsbwa.com | ||
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 in Washington. 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. The company provides one-to-four-family residential first mortgages loans, home equity loan products, commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. Further, it provides online banking platforms, mobile banking apps, and telephone banking services, as well as cash management services. The company operates full bank service branches and home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Kitsap, Clallam, Jefferson, Grays Harbor, Thurston, and Benton counties; Oregon; and a loan production office in the market area of the Tri-Cities. FS Bancorp, Inc. was founded in 1936 and is headquartered in Mountlake Terrace, Washington.
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