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
09/17/2025: 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 -2.14% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 311.22M USD | Price to earnings Ratio 9.87 | 1Y Target Price 45.5 |
Price to earnings Ratio 9.87 | 1Y Target Price 45.5 | ||
Volume (30-day avg) 3 | Beta 0.72 | 52 Weeks Range 34.17 - 48.20 | Updated Date 09/16/2025 |
52 Weeks Range 34.17 - 48.20 | Updated Date 09/16/2025 | ||
Dividends yield (FY) 2.65% | 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 9.87 | Forward PE 8.9 | Enterprise Value 563791424 | Price to Sales(TTM) 2.23 |
Enterprise Value 563791424 | Price to Sales(TTM) 2.23 | ||
Enterprise Value to Revenue 4 | Enterprise Value to EBITDA - | Shares Outstanding 7596340 | Shares Floating 6209750 |
Shares Outstanding 7596340 | Shares Floating 6209750 | ||
Percent Insiders 14.74 | Percent Institutions 70.89 |
Upturn AI SWOT
FS Bancorp Inc
Company Overview
History and Background
FS Bancorp, Inc., headquartered in Mountlake Terrace, Washington, operates as the bank holding company for First Savings Bank. Founded in 1923 as a mutual savings and loan association, it converted to a stock-based bank in 2015. The bank's history reflects a commitment to serving the financial needs of individuals and businesses in its local communities.
Core Business Areas
- Retail Banking: Provides traditional banking services to individuals, including deposit accounts, loans, and other financial products.
- Commercial Banking: Offers lending and deposit services to small and medium-sized businesses, catering to their unique financial requirements.
- Mortgage Lending: Originates and services residential mortgage loans, contributing to the bank's interest income and overall profitability.
Leadership and Structure
The leadership team is composed of experienced banking professionals. The organizational structure follows a traditional community banking model with various departments overseeing different functions, all reporting to the CEO and the Board of Directors.
Top Products and Market Share
Key Offerings
- Residential Mortgage Loans: FS Bancorp's primary product. Market share data is not readily and publicly available. Competitors include large national banks like JPMorgan Chase (JPM) and Bank of America (BAC), as well as regional banks and mortgage brokers.
- Commercial Real Estate Loans: Loans to businesses for purchasing or refinancing commercial properties. Market share data is not readily and publicly available. Competitors include Wells Fargo (WFC) and US Bancorp (USB) as well as other regional banks.
- Deposit Accounts: Checking, savings, and money market accounts. Competitors include all banks and credit unions.
Market Dynamics
Industry Overview
The community banking industry is characterized by a mix of established players and new entrants. Community banks such as FS Bancorp face competition from both large national banks and smaller fintech companies offering specialized financial services. Regulatory compliance and technological advancements are key drivers shaping the industry.
Positioning
FS Bancorp positions itself as a community-focused bank providing personalized service and local expertise. Its competitive advantages include a strong understanding of the local market and established relationships with its customer base.
Total Addressable Market (TAM)
The TAM for community banking in Washington state and the broader Pacific Northwest is substantial, estimated in the billions of dollars. FS Bancorp is positioned to capture a share of this market through its local presence and customer-centric approach.
Upturn SWOT Analysis
Strengths
- Strong local presence and reputation
- Experienced management team
- Customer-centric approach
- Solid balance sheet
Weaknesses
- Limited geographic diversification
- Smaller scale compared to national banks
- Dependence on local economy
- Limited technology investment compared to larger competitors
Opportunities
- Expansion into new markets within the Pacific Northwest
- Increased adoption of digital banking services
- Strategic acquisitions of smaller banks
- Growth in commercial lending
Threats
- Increasing competition from larger banks and fintech companies
- Economic downturn in the Pacific Northwest
- Rising interest rates
- Regulatory changes
Competitors and Market Share
Key Competitors
- WAFD
- COLB
- BOKF
Competitive Landscape
FS Bancorp competes with larger regional and national banks. Its advantages lie in its local focus and personalized service, while its disadvantages include its smaller size and limited resources compared to larger competitors. It also is up against fintech companies that offer digital services.
Growth Trajectory and Initiatives
Historical Growth: Historical growth trends depend on specific financial performance data not readily available publicly without access to financial databases.
Future Projections: Analyst estimates for future growth require access to real-time financial analysis and forecast data, which is not guaranteed to be correct.
Recent Initiatives: Recent initiatives may include expansion of digital banking services and strategic investments in new technologies.
Summary
FS Bancorp is a community-focused bank with a strong local presence, it provides personalized services and a solid balance sheet. Limited geographic diversification and smaller scale make it more susceptible to regional economic downturns and competition from larger institutions. Focusing on digital services and strategic acquisitions can help boost growth, but it must be wary of increasing interest rates and regulatory changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Third-party financial data providers(FactSet)
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance may change over time.
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.