FS Bancorp Inc

FS Bancorp Inc (FSBW) Stock Analysis

$42.850

+0.150 (+0.35%)At close

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High
43.510
Open
42.750
VWAP
43.00
Vol
24.50K
Mkt Cap
265.30M
Low
42.655
Amount
1.05M
EV/EBITDA, TTM
11.02

FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington (the Bank). The Bank offers a range of loan and deposit services primarily to small and middle-market businesses and individuals in Washington and Oregon. The Company operates in two business segments through the Bank: commercial and consumer banking and home lending. The commercial and consumer banking segment provides diversified financial products and services to our commercial and consumer customers through Bank branches, online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products; residential, consumer, business and commercial real estate lending portfolios and cash management services. The home lending segment originates one-to-four-family residential mortgage loans primarily for sale in the secondary market, as well as loans held for investment. It operates through 33 bank branches.

AI analysis of FS Bancorp Inc (FSBW)

hold

FS Bancorp Inc is currently a hold due to mixed signals in its financial performance and analyst ratings. The stock is trading at $42.85, which is close to the analyst price target of $45, suggesting limited upside potential. Additionally, the forward P/E ratio is attractive at 8.90, indicating potential value, but the recent downgrade by Brean Capital due to concerns over higher interest rates poses a risk.

Analyst Ratings (3)

+5.02% upside
Buy
2 Buy
1 Hold
0 Sell
Current: 42.85
Low
45.00
Average
45.00
High
45.00

Brean Capital

2026-07-27

Price Target

$45

Neutral

DA Davidson

2026-01-26

Price Target

$45

Neutral

DA Davidson

2025-10-22

Price Target

$41

Neutral

DA Davidson

2025-07-24

Price Target

$44

Neutral

DA Davidson

2024-07-25

Price Target

$44

Hold

Valuation Metrics

The current forward P/E ratio for FS Bancorp Inc (FSBW) is 8.90, compared to its 5-year average forward P/E of 8.52.

Forward P/E

Fair
5Y Average P/E
8.52
Current P/E
8.90
Overvalued
9.70
Undervalued
7.34

Forward EV/EBITDA

Strongly Overvalued
5Y Average EV/EBITDA
1.11
Current EV/EBITDA
11.02
Overvalued
3.98
Undervalued
-1.77

Forward P/S

Fair
5Y Average P/S
1.92
Current P/S
1.95
Overvalued
2.17
Undervalued
1.67

Alphio AI Price Scenarios for FSBW

Scenario prices are the last monthly forecast band of the current year. Probabilities are fixed model weights (25 / 50 / 25), not guarantees.

B

Bull

Bull · 25%FSBW

$42.97

Scenario price

B

Base

Base · 50%FSBW

$33.56

Scenario price

B

Bear

Bear · 25%FSBW

$31.01

Scenario price

Events Timeline

2026-08-24 (ET)

15:00:00

FS Bancorp Authorizes Up to $5M Share Repurchase Program

2026-07-21 (ET)

17:00:00

FS Bancorp Announces $0.29 Cash Dividend Per Share

2026-06-01 (ET)

11:20:00

FS Bancorp Appoints Matthew Mullet as CEO

2026-04-21 (ET)

16:40:00

FS Bancorp Reports Q1 Tangible Book Value of $40.61

2026-02-26 (ET)

05:50:00

FS Bancorp and Pacific West Announce Merger Agreement Valued at Approximately $34.6M

News

FSBW FAQ — answered by Alphio AI

FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington (the Bank). The Bank offers a range of loan and deposit services primarily to small and middle-market businesses and individuals in Washington and Oregon. The Company operates in two business segments through the Bank: commercial and consumer banking and home lending. The commercial and consumer banking segment provides diversified financial products and services to our commercial and consumer customers through Bank branches, online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products; residential, consumer, business and commercial real estate lending portfolios and cash management services. The home lending segment originates one-to-four-family residential mortgage loans primarily for sale in the secondary market, as well as loans held for investment. It operates through 33 bank branches. It operates in the Financials sector (SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED industry).

FS Bancorp Inc is currently a hold due to mixed signals in its financial performance and analyst ratings. The stock is trading at $42.85, which is close to the analyst price target of $45, suggesting limited upside potential. Additionally, the forward P/E ratio is attractive at 8.90, indicating potential value, but the recent downgrade by Brean Capital due to concerns over higher interest rates poses a risk.

3 analysts cover FSBW: 2 rate it Buy, 1 Hold and 0 Sell. The average price target is 45.00.

This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.

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