FSBW
Neutral signalScored 2026-08-28 Drivers: fundamentals. Moteurs : fondamentaux.
Research, not advice.
À propos
FS Bancorp, Inc.
- Nom
- FS Bancorp, Inc.
- Secteur
- Financial Services
- Industrie
- Banks - Regional
- Bourse
- NASDAQ
- Capitalisation
- $345.0M
- Employés
- 580
- PDG
- Matthew D. Mullet
- Site web
- https://www.fsbwa.com
- Marché
- BCMLCBANCOSOCZFSCZNCFNLC
FS Bancorp, Inc. functions as the holding company for 1st Security Bank of Washington, delivering a comprehensive suite of banking and financial services. These offerings cater to families, local and regional businesses, and specialized industry sectors. The company operates through two main divisions: Commercial and Consumer Banking, and Home Lending. Its deposit portfolio includes checking, money market, and savings accounts, alongside certificates of deposit. For lending, FS Bancorp provides diverse options such as first and second mortgages for one-to-four-family residences, home equity loans, non-mortgage commercial business loans, commercial real estate and construction/development financing, and a variety of consumer loans including personal lines of credit, credit cards, auto, direct home improvement, deposit-secured, and recreational vehicle loans. As of December 31, 2021, the company maintained 21 full-service bank branches and 10 home loan production offices, strategically situated in suburban communities across the greater Puget Sound area (including Snohomish, King, Pierce, Jefferson, Kitsap, Clallam, Grays Harbor, Thurston, and Lewis counties), with an additional loan production office serving the Tri-Cities market. Established in 1936, FS Bancorp, Inc. is headquartered in Mountlake Terrace, Washington.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 2 668,852 titres (~114 699,50 $ US)
- Insiders
- Degner Terri L
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$127,205
Avg sell (VWAP, 90d window) $42.92 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-08-28
- Last synced
-
2026-09-03 09:53:14
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-08-28 | Degner Terri L | Sell · S | 975 | $43.25 | $42,169 | Form 4 |
| 2026-08-25 | Degner Terri L | Sell · S | 1,082 | $42.67 | $46,163 | Form 4 |
| 2026-08-25 | McCormick Sean | Sell · S | 907 | $42.86 | $38,874 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-08-28 Drivers: fundamentals. Moteurs : fondamentaux.
FSBW presents a deeply concerning risk profile driven by critically low liquidity (current ratio of 0.115) and an interest coverage ratio below 1.0, making it structurally vulnerable to near-term financial distress.
The first sentence of the analysis written for FSBW on 2026-08-28 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 0.12 · operating margin 21% — readings disagree
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 66.5% | 67.0% | 73.7% | 84.6% | 92.2% | |
| Ebit Margin | 20.6% | 20.4% | 24.4% | 27.6% | 36.2% | |
| Ebitda Margin | 25.3% | 25.6% | 31.3% | 38.0% | 47.8% | |
| Operating Profit Margin | 20.6% | 20.4% | 24.4% | 27.6% | 36.2% | |
| Pretax Profit Margin | 18.9% | 20.4% | 24.4% | 27.6% | 36.2% | |
| Continuous Operations Profit Margin | 15.3% | 17.2% | 19.5% | 22.1% | 28.5% | |
| Net Profit Margin | 15.3% | 17.2% | 19.5% | 22.1% | 28.5% | |
| Bottom Line Profit Margin | 15.1% | 16.9% | 19.1% | 21.7% | 28.1% | |
| Current Ratio | 0.115 | 0.092 | 0.083 | 0.135 | 0.165 | |
| Quick Ratio | 0.115 | 0.092 | 0.083 | 0.135 | 0.165 | |
| Solvency Ratio | 0.015 | 0.017 | 0.018 | 0.018 | 0.026 | |
| Cash Ratio | 0.005 | 0.014 | 0.036 | 0.022 | 0.019 | |
| Price To Earnings Ratio | 9.486 | 9.165 | 7.983 | 8.917 | 7.609 | |
| Price To Earnings Growth Ratio | -3.036 | -2.829 | 0.340 | -0.588 | -2.318 | |
| Forward Price To Earnings Growth Ratio | -3.036 | -2.829 | 0.340 | -0.588 | -2.318 | |
| Price To Earnings Diluted Ratio | 9.619 | 9.417 | 8.105 | 9.038 | 7.785 | |
| Price To Earnings Diluted Growth Ratio | -5.242 | -2.147 | 0.349 | -0.630 | -2.056 | |
| Price To Book Ratio | 1.006 | 1.069 | 1.088 | 1.141 | 1.150 | |
| Price To Sales Ratio | 1.423 | 1.552 | 1.554 | 1.972 | 2.171 | |
| Price To Free Cash Flow Ratio | 5.959 | 6.426 | 3.787 | 1.442 | 2.660 | |
| Price To Operating Cash Flow Ratio | 4.280 | 6.219 | 3.706 | 1.430 | 2.611 | |
| Debt To Assets Ratio | 0.044 | 0.117 | 0.020 | 0.092 | 0.042 | |
| Debt To Equity Ratio | 0.459 | 1.200 | 0.228 | 1.046 | 0.391 | |
| Debt To Capital Ratio | 0.314 | 0.545 | 0.186 | 0.511 | 0.281 | |
| Long Term Debt To Capital Ratio | 0.296 | 0.542 | 0.168 | 0.505 | 0.271 | |
| Financial Leverage Ratio | 10.390 | 10.242 | 11.239 | 11.364 | 9.238 | |
| Working Capital Turnover Ratio | -0.095 | -0.092 | -0.089 | -0.078 | -0.088 | |
| Operating Cash Flow Ratio | 0.026 | 0.022 | 0.031 | 0.087 | 0.057 | |
| Operating Cash Flow Sales Ratio | 0.332 | 0.249 | 0.419 | 1.379 | 0.832 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.718 | 0.968 | 0.978 | 0.992 | 0.982 | |
| Debt Service Coverage Ratio | 0.649 | 0.719 | 1.110 | 3.029 | 5.408 | |
| Interest Coverage Ratio | 0.669 | 0.674 | 1.032 | 2.566 | 4.876 | |
| Short Term Operating Cash Flow Coverage Ratio | 12.279 | 29.791 | 0.000 | 0.000 | 0.000 | |
| Operating Cash Flow Coverage Ratio | 0.513 | 0.143 | 1.289 | 0.763 | 1.127 | |
| Capital Expenditure Coverage Ratio | 3.549 | 31.084 | 46.481 | 119.212 | 54.944 | |
| Dividend Paid And Capex Coverage Ratio | 2.360 | 5.134 | 8.232 | 21.383 | 16.552 | |
| Dividend Payout Ratio | 0.308 | 0.236 | 0.215 | 0.239 | 0.123 | |
| Enterprise Value Multiple | 7.954 | 12.228 | 4.458 | 9.035 | 5.500 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 66.5% | ▼-0.4% | ▼-10.3% |
| Ebit Margin | 20.6% | ▲0.2% | ▼-5.3% |
| Ebitda Margin | 25.3% | ▼-0.3% | ▼-8.3% |
| Operating Profit Margin | 20.6% | ▲0.2% | ▼-5.3% |
| Pretax Profit Margin | 18.9% | ▼-1.5% | ▼-6.6% |
| Continuous Operations Profit Margin | 15.3% | ▼-1.9% | ▼-5.2% |
| Net Profit Margin | 15.3% | ▼-1.9% | ▼-5.2% |
| Bottom Line Profit Margin | 15.1% | ▼-1.8% | ▼-5.1% |
| Current Ratio | 0.115 | ▲0.023 | ▼-0.003 |
| Quick Ratio | 0.115 | ▲0.023 | ▼-0.003 |
| Solvency Ratio | 0.015 | ▼-0.002 | ▼-0.004 |
| Cash Ratio | 0.005 | ▼-0.009 | ▼-0.014 |
| Price To Earnings Ratio | 9.486 | ▲0.321 | ▲0.854 |
| Price To Earnings Growth Ratio | -3.036 | ▼-0.207 | ▼-1.349 |
| Forward Price To Earnings Growth Ratio | -3.036 | ▼-0.207 | ▼-1.349 |
| Price To Earnings Diluted Ratio | 9.619 | ▲0.202 | ▲0.826 |
| Price To Earnings Diluted Growth Ratio | -5.242 | ▼-3.095 | ▼-3.297 |
| Price To Book Ratio | 1.006 | ▼-0.063 | ▼-0.085 |
| Price To Sales Ratio | 1.423 | ▼-0.129 | ▼-0.311 |
| Price To Free Cash Flow Ratio | 5.959 | ▼-0.467 | ▲1.905 |
| Price To Operating Cash Flow Ratio | 4.280 | ▼-1.939 | ▲0.631 |
| Debt To Assets Ratio | 0.044 | ▼-0.073 | ▼-0.019 |
| Debt To Equity Ratio | 0.459 | ▼-0.742 | ▼-0.206 |
| Debt To Capital Ratio | 0.314 | ▼-0.231 | ▼-0.053 |
| Long Term Debt To Capital Ratio | 0.296 | ▼-0.246 | ▼-0.060 |
| Financial Leverage Ratio | 10.390 | ▲0.148 | ▼-0.105 |
| Working Capital Turnover Ratio | -0.095 | ▼-0.004 | ▼-0.007 |
| Operating Cash Flow Ratio | 0.026 | ▲0.004 | ▼-0.018 |
| Operating Cash Flow Sales Ratio | 0.333 | ▲0.083 | ▼-0.310 |
| Free Cash Flow Operating Cash Flow Ratio | 0.718 | ▼-0.250 | ▼-0.209 |
| Debt Service Coverage Ratio | 0.649 | ▼-0.070 | ▼-1.534 |
| Interest Coverage Ratio | 0.669 | ▼-0.004 | ▼-1.294 |
| Short Term Operating Cash Flow Coverage Ratio | 12.279 | ▼-17.511 | ▲3.865 |
| Operating Cash Flow Coverage Ratio | 0.513 | ▲0.369 | ▼-0.254 |
| Capital Expenditure Coverage Ratio | 3.549 | ▼-27.535 | ▼-47.505 |
| Dividend Paid And Capex Coverage Ratio | 2.360 | ▼-2.773 | ▼-8.372 |
| Dividend Payout Ratio | 0.308 | ▲0.072 | ▲0.084 |
| Enterprise Value Multiple | 7.954 | ▼-4.274 | ▲0.119 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $309.5M | $316.1M | $287.8M | $264.4M | $284.6M | |
| Enterprise value | $437.1M | $637.7M | $258.2M | $460.7M | $344.3M | |
| EV / Sales | 2.01x | 3.13x | 1.39x | 3.44x | 2.63x | |
| EV / Op. cash flow | 6.04x | 12.55x | 3.33x | 2.49x | 3.16x | |
| EV / Free cash flow | 8.42x | 12.96x | 3.40x | 2.51x | 3.22x | |
| EV / EBITDA | 7.95x | 12.23x | 4.46x | 9.04x | 5.50x | |
| Net debt / EBITDA | 2.32x | 6.17x | -0.51x | 3.85x | 0.95x | |
| Current ratio | 0.12x | 0.09x | 0.08x | 0.14x | 0.17x | |
| Income quality | 2.17x | 1.45x | 2.15x | 6.24x | 2.91x | |
| Graham number | $64 | $63 | $59 | $50 | $54 | |
| Graham net-net | -$343 | -$328 | -$321 | -$268 | -$204 | |
| Tax burden | 81.1% | 84.2% | 79.6% | 80.2% | 78.9% | |
| Interest burden | 91.9% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Working capital | -$2.44B | -$2.12B | -$2.31B | -$1.84B | -$1.60B | |
| Invested capital | -$2.38B | -$2.06B | -$2.24B | -$1.79B | -$1.55B | |
| Return on assets | 1.0% | 1.2% | 1.2% | 1.1% | 1.6% | |
| Operating ROA | 1.4% | 1.4% | 1.6% | 1.5% | 2.2% | |
| Return on tangible assets | 1.0% | 1.2% | 1.2% | 1.1% | 1.7% | |
| Return on equity | 10.8% | 11.8% | 13.6% | 12.8% | 15.1% | |
| Return on invested capital | 8.1% | 5.1% | 8.0% | 5.9% | 10.1% | |
| Return on capital employed | 10.1% | 6.0% | 10.1% | 7.3% | 12.8% | |
| Earnings yield | 10.8% | 11.1% | 12.5% | 11.2% | 13.1% | |
| Free cash flow yield | 16.8% | 15.6% | 26.4% | 69.4% | 37.6% | |
| Capex / Op. cash flow | 28.2% | 3.2% | 2.2% | 0.8% | 1.8% | |
| Capex / Depreciation | 170.7% | 15.5% | 13.2% | 11.1% | 13.1% | |
| Capex / Sales | 9.4% | 0.8% | 0.9% | 1.2% | 1.5% | |
| SG&A / Sales | 26.9% | 28.7% | 31.0% | 37.1% | 38.9% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 1.0% | 0.9% | 1.1% | 1.5% | 2.5% | |
| Intangibles / Total assets | 0.4% | 0.9% | 1.3% | 0.9% | 1.0% | |
| Days sales outstanding | 25d | 25d | 28d | 30d | 21d | |
| Days payables outstanding | 0d | 0d | 0d | 0d | 0d | |
| Operating cycle | 25d | 25d | 28d | 30d | 21d | |
| Cash conversion cycle | 25d | 25d | 28d | 30d | 21d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-08-24 FS Bancorp, Inc. Authorizes Share Repurchase Program MOUNTLAKE TERRACE, Wash., Aug. 24, 2026 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ: FSBW) (“Company”), the holding company for 1st Security Bank of Washington (“Bank”) announced that its Board of Directors has authorized a share repurchase program of up to $5.0 million in shares of the Company''s outstanding common stock in the open market, in privately negotiated transactions from time to time over a 12-month period until August 24, 2027, at such prices as may be determined by the Company''s management. The repurchase program will commence no sooner than the second trading day after the public announcement of this repurchase program.
- 2026-08-20 FS Bancorp, Inc. Announces Completion of Acquisition of Pacific West Bancorp MOUNTLAKE TERRACE, Wash., Aug. 20, 2026 (GLOBE NEWSWIRE) -- (NASDAQ : FSBW) FS Bancorp, Inc. (“FS Bancorp”), the parent company of 1st Security Bank of Washington, announced that effective August 19, 2026, it completed its previously announced acquisition of Pacific West Bancorp (“Pacific West”), an Oregon corporation and the merger of Pacific West Bank, the bank subsidiary of Pacific West, into 1st Security Bank of Washington.
- 2026-08-14 Dividend Champion, Contender, And Challenger Highlights: Week August 16 A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 2026-07-21 FS Bancorp (FSBW) Reports Q2 Earnings: What Key Metrics Have to Say The headline numbers for FS Bancorp (FSBW) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 2026-07-21 FS Bancorp (FSBW) Q2 Earnings Lag Estimates FS Bancorp (FSBW) came out with quarterly earnings of $1.08 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.99 per share a year ago.
- 2026-07-21 FS Bancorp, Inc. Reports Second Quarter Net Income of $7.9 Million or $1.04 Per Diluted Share and Declares 54th Consecutive Quarterly Cash Dividend MOUNTLAKE TERRACE, Wash., July 21, 2026 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ: FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”) today reported 2026 second quarter net income of $7.9 million, or $1.04 per diluted share, compared to $7.8 million, or $1.02 per diluted share, for the prior quarter, and $7.7 million, or $0.99 per diluted share, for the comparable quarter one year ago. For the six months ended June 30, 2026, net income was $15.8 million, or $2.07 per diluted share, compared to net income of $15.7 million, or $1.99 per diluted share, for the comparable six-month period in 2025.
- 2026-06-23 Is FS Bancorp (FSBW) a Great Value Stock Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.