FSBW
HoldBargain BinFS Bancorp, Inc. · Financial Services · United States · $302M cap · $1.4M/day traded
$43.77 -0.3% · close 26 Oct · scored 27 Oct
Bargain Bin: Looks like a bargain; the quality and the trend say why it is in the bin.
Reported 20 Oct: the next-year EPS estimate fell 2.1% across the report (snapshots of 18 Oct and 25 Oct).
As of 27 Oct 2026, MoatMap's StockRank for FS Bancorp, Inc. (FSBW) is 54/100, ranked against 24,000+ stocks in 35 markets (Quality 45, Value 54, Momentum 48, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
ABOUT FS BANCORP, INC.
Read
FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, a community bank providing traditional financial services to individuals and businesses across the Puget Sound region. Its competitive moat is built on strong local market penetration, personalized customer service, and deep community ties, fostering client loyalty against larger institutions. The bank specializes in residential construction lending and other niche segments, serving as a vital financial partner in its operating areas.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 121.4M | 119.7M | 141.4M | 142.0M | 149.8M | 5.4% | 144.7M | 158.3M | 170.8M | 6.8% |
| EPS | 4.42 | 3.75 | 4.63 | 4.48 | 4.35 | -0.4% | 3.73 | 4.74 | 5.28 | 10.1% |
| Shares | 8.2M | 7.7M | 7.8M | 7.8M | 7.5M | -8.1% | 7.9M | — | — | — |
| Debt | 96.7M | 242.5M | 60.3M | 355.0M | 184.9M | 17.6% | 427.1M | — | — | — |
| Equity | 247.5M | 231.7M | 264.5M | 295.8M | 307.7M | 5.6% | — | — | — | — |
| Op CF | 109.0M | 184.9M | 77.7M | 50.8M | 72.3M | -9.8% | 72.3M | — | — | — |
| Inv CF | -310.8M | -504.0M | 77.7M | -104.2M | -206.4M | — | — | — | — | — |
| Fin CF | 136.7M | 334.1M | -131.1M | 19.3M | 130.7M | — | — | — | — | — |
Above its 200-day average and 4% below its 52-week high.
The Momentum score still reads 48: it weighs six months of price and earnings revisions, so it trails a turn like this.
Calmer than 82% of stocks we rank over the past year (25% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of FSBW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FSBW | FS Bancorp, Inc.(you) | $302M | 54 | Hold |
| USCB | USCB Financial Holdings, Inc. | $369M | 54 | Hold |
| EFSI | Eagle Financial Services, Inc. | $254M | 56 | Hold |
| OVLY | Oak Valley Bancorp | $287M | 58 | Hold |
| MRBK | Meridian Corporation | $223M | 54 | Hold |
| QNBC | QNB Corp. | $286M | 60 | Hold |
| FNRN | First Northern Community Bancorp | $276M | 49 | Hold |
| CBAN | Colony Bankcorp, Inc. | $432M | 56 | Hold |
| CBFV | CB Financial Services, Inc. | $196M | 54 | Hold |
| FXNC | First National Corporation | $271M | 62 | Hold |
Peer medians: ROE 9.6% · P/E 13.0x · Gross margin 75.4%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.