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FS Bancorp

NAQ:FSBW · US30263Y1047
BanksSmall

360

54
Profit price80
Cash yield67
Price/Sales100
EV / Gross Profit43
Price/Book81
Returns on capital18
Profit margins—
Cash Conversion90
Accruals29
Owner Earnings Margin18
Sales growth22
Profit Growth11
Owner Earnings Growth6
Reinvestment48
Price momentum8
Debt load8
Debt serviceability24
Liquidity31
Analyst ratings32
Opinion Changes50
Price Target Upside53
Market mood65
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

FS Bancorp clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryUSA
IndustryBanks
SizeSmall
TypePublic Company
ExchangeNASDAQCM
Founded2011
Employees366
Websiteinvestorrelations.fsbwa.com/corporate/default.aspx
ISINUS30263Y1047
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)Sound Pay Practices (USA)
Themes
Finance

Description

FS Bancorp, Inc. (FS Bancorp) operates as the bank holding company for 1st Security Bank that provides various banking products and services. 1st Security Bank is a relationship-focused community bank dedicated to serving local families, regional bu…

Analysis

Hidden champion

FS Bancorp, Inc. is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 9.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is stretched. The company scores 10/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
31
2023202420252026

All-time high

88

Jan 2024

All-time low

31

Jun 2026

Average rank

61

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
100
85
85
89
Price/Earnings
100
89
87
73
Price/Book
81
49
20
57
Dividend Yield
67
56
41
39
Value (overall)
100
73
53
71

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →