What is FS Bancorp, Inc.'s (FSBW) StockRank?

MoatMap's StockRank for FS Bancorp, Inc. (FSBW) is 70/100, with a Buy signal. This is a composite score combining Quality (52), Value (60), and Momentum (51) factor ranks across MoatMap's 20,000+ stock universe.

Does FS Bancorp, Inc. have an economic moat?

FS Bancorp, Inc. (FSBW) has a Quality factor score of 52/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is FS Bancorp, Inc. a buy, hold, or sell?

MoatMap's current signal for FS Bancorp, Inc. (FSBW) is Buy, based on a StockRank of 70/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is FS Bancorp, Inc. in?

FS Bancorp, Inc. (FSBW) operates in the Financial Services sector, specifically the Banks - Regional industry (United States).

Company Deep Dive

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FSBW

BUY

FS Bancorp, Inc. · Financial Services · United States · $302M · Avg Vol: $955K/d

StockRank

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P/E (TTM)

10.3x

ROE

10.8%

D/E

0.6x

Dividend %

2.6%

COMPANY DESCRIPTION

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%	144.0M	155.9M	170.3M	6.6%
EPS	4.42	3.75	4.63	4.48	4.35	-0.4%	4.19	5.03	5.85	16.0%
Shares	8.2M	7.7M	7.8M	7.8M	7.5M	-8.1%	7.4M	—	—	—
Debt	96.7M	242.5M	60.3M	355.0M	184.9M	17.6%	222.8M	—	—	—
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%	72.8M	—	—	—
Inv CF	-310.8M	-504.0M	77.7M	-104.2M	-206.4M	—	—	—	—	—
Fin CF	136.7M	334.1M	-131.1M	19.3M	130.7M	—	—	—	—	—

Loading 1Y...

PRICE (1Y)+2.9%

SMA 50SMA 200

$43.61

RSI (14)

47.5

52W High

$45.85

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC (ROA)

1.1%*38.9

ROE

10.8%57.0

GP/Assets

4.5%N/A

Op. Margin

32.5%51.1

FCF/Assets

1.6%N/A

Piotroski

565.2

Int. Cover

—50.0

D/E Ratio

0.60xN/A

Current Ratio

bankN/A

Value

P/E (TTM)

10.3x69.1

EV/EBITDA

bankN/A

P/FCF

5.8xN/A

P/B

1.0x58.8

P/S

2.2x74.2

Div Yield

2.6%31.5

Momentum

52W High %

95%60.1

RS 6M

-7%39.8

SMA 50/200

1.04x54.4

EPS Rev 4W

0.0%69.8

EPS Rev 12W

+0.4%61.5

EPS Improve

+22%50.5

Q Growth

-2%27.1

FUNDAMENTALS

Market Cap

$302M

P/E (Forward)

8.4x

Gross Margin

—

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	70	BUY
FCCO	First Community Corporation	$316M	70	BUY
COSO	CoastalSouth Bancshares, Inc.	$325M	73	BUY
FXNC	First National Corporation	$269M	73	BUY
BPRN	Princeton Bancorp, Inc.	$278M	74	BUY
FUNC	First United Corporation	$288M	75	BUY
CFFI	C&F Financial Corporation	$254M	74	BUY
BCML	BayCom Corp	$346M	65	HOLD
CBNA	Chain Bridge Bancorp, Inc.	$277M	64	HOLD
FVCB	FVCBankcorp, Inc.	$324M	76	BUY

Peer medians: ROE 9.4% · P/E 13.9x · Gross margin 100.0%

Price	$43.61
Market Cap	$302M
P/E (TTM)	10.27
P/E (Forward)	8.39
Price/Book	1.01
Return on Equity	10.8%
Debt/Equity	0.60x
Operating Margin	32.5%
Revenue Growth	2.6%
Dividend Yield	2.6%
Free Cash Flow	$53M