Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
FSBW 
FS Bancorp Inc (FSBW)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/28/2025: FSBW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $45.5
1 Year Target Price $45.5
| 1 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.66% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 325.20M USD | Price to earnings Ratio 10.32 | 1Y Target Price 45.5 |
Price to earnings Ratio 10.32 | 1Y Target Price 45.5 | ||
Volume (30-day avg) 3 | Beta 0.71 | 52 Weeks Range 34.17 - 48.20 | Updated Date 08/28/2025 |
52 Weeks Range 34.17 - 48.20 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 2.59% | Basic EPS (TTM) 4.15 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 23.92% | Operating Margin (TTM) 31.65% |
Management Effectiveness
Return on Assets (TTM) 1.09% | Return on Equity (TTM) 11.5% |
Valuation
Trailing PE 10.32 | Forward PE 8.9 | Enterprise Value 577579008 | Price to Sales(TTM) 2.33 |
Enterprise Value 577579008 | Price to Sales(TTM) 2.33 | ||
Enterprise Value to Revenue 4.05 | Enterprise Value to EBITDA - | Shares Outstanding 7596340 | Shares Floating 6195138 |
Shares Outstanding 7596340 | Shares Floating 6195138 | ||
Percent Insiders 14.93 | Percent Institutions 70.8 |
Upturn AI SWOT
FS Bancorp Inc
Company Overview
History and Background
FS Bancorp, Inc. is the holding company for the bank. Founded in 1941, it has grown from a small community bank to a financial institution serving individuals and businesses. It primarily operates in the Puget Sound region of Washington State.
Core Business Areas
- Community Banking: Offers traditional banking products and services, including deposit accounts, loans, and wealth management to individuals, families, and businesses.
- Commercial Lending: Provides various commercial loans, including commercial real estate loans, construction loans, and business loans.
- Mortgage Lending: Offers residential mortgage loans, catering to homebuyers and homeowners in its operating markets.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other executive officers. The organizational structure is typical for a bank holding company, with various departments responsible for different functions.
Top Products and Market Share
Key Offerings
- Commercial Real Estate Loans: CRE loans are a significant portion of the loan portfolio. Market share data is not readily available. Competitors include other regional banks and national lenders like U.S. Bank (USB) and Bank of America (BAC).
- Residential Mortgage Loans: Mortgages are another core offering. Market share is not readily available. Competitors include Wells Fargo (WFC), JPMorgan Chase (JPM), and numerous mortgage companies.
- Deposit Accounts: Checking, savings, and money market accounts. Market share data is specific to the Puget Sound region, and not readily available at the FS Bancorp level. Competitors include Chase (JPM), U.S. Bank (USB) and local credit unions.
Market Dynamics
Industry Overview
The banking industry is highly regulated and competitive, influenced by interest rates, economic conditions, and technological advancements. Regional banks face competition from larger national banks and fintech companies.
Positioning
FS Bancorp Inc. is a community-focused bank with a strong presence in the Puget Sound region. Its competitive advantages include local market knowledge and customer relationships.
Total Addressable Market (TAM)
The TAM for community banking in the Puget Sound region is substantial, influenced by population growth and economic activity. FS Bancorp Inc. holds a portion of this market.
Upturn SWOT Analysis
Strengths
- Strong local market presence
- Experienced management team
- Solid customer relationships
- Conservative lending practices
Weaknesses
- Limited geographic diversification
- Smaller scale compared to national banks
- Reliance on interest rate spreads
- Lack of tech innovations and adoption when compared to larger institutions
Opportunities
- Expansion into new markets
- Acquisition of smaller banks
- Increased use of technology
- Growth in commercial lending
Threats
- Rising interest rates
- Economic downturn
- Increased competition from fintech companies
- Regulatory changes
Competitors and Market Share
Key Competitors
- Banner Corporation (BANR)
- WaFd Bank (WAFD)
- U.S. Bancorp (USB)
Competitive Landscape
FS Bancorp Inc. competes with larger regional and national banks, as well as local credit unions. Its advantages include its local focus and customer service. Disadvantages include smaller scale and limited resources compared to larger competitors.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data not available in real time - Placeholder metrics below
Future Projections: Future projections data not available in real time - Placeholder metrics below
Recent Initiatives: FS Bancorp Inc. is focused on organic growth and improving efficiency. Recent initiatives may include technology investments and branch expansions.
Summary
FS Bancorp Inc. is a community bank with a strong presence in the Puget Sound region. It benefits from experienced management and solid customer relationships, but faces challenges from larger competitors and economic uncertainties. It must innovate to take advantage of new opportunties. Overall, the company is doing well but must be wary of market pressure from the larger firms.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise.
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 567 | Website https://www.fsbwa.com |
Full time employees 567 | 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.