Stocks · Financial Services · Banks - Regional
FS Bancorp, Inc. FSBW
$44.33 +0.73% Close, Oct 2, 2026 · NASDAQ · Market cap $328.7M
Next earnings report: Oct 20, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 10.2× trailing earnings, the shares trade at the highest P/E of the company's past five years.
- Net debt is 12.5× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 83 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 7%
- EPS growth (TTM, YoY)Bottom 31%
- FCF growth (TTM, YoY)Top 21%
- Revenue growth, 3-year CAGRTop 40%
- Revenue growth accelerationBottom 9%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 38%
- Gross marginBottom 33%
- Operating marginBottom 31%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 22%
- Net debt / EBITDA (lower is better)Bottom 9%
- Interest coverBottom 21%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 17%
- Free-cash-flow yieldTop 9%
- EBITDA / enterprise valueBottom 36%
- Sales / enterprise valueBottom 37%
- P/E vs own 5-year history (lower is better)Bottom 2%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 48%
- 6-month returnTop 33%
- 1-year return vs S&P 500Top 42%
- Distance from 52-week highTop 15%
- Trend checklist (0–4)Top 11%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 35%
- Consecutive EPS beatsBottom 17%
- Upside to consensus price targetBottom 13%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 48%
- Maximum drawdown, 3 yearsTop 42%
- Beta vs S&P 500 (lower is better)Top 46%
- Net debt / EBITDA (lower is better)Bottom 9%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.3% | -17.2% | ↓ |
| EPS growth (YoY) | -1.4% | 3.1% | ↑ |
| Gross margin | 67.2% | 57.8% | ↓ |
| Operating margin | 18.0% | 14.3% | ↓ |
| FCF margin | 24.6% | 54.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -17.2% | 3.3% | ↓ | Bottom 7% |
| EPS growth (TTM, YoY) | 3.1% | -1.4% | ↑ | Bottom 31% |
| Gross margin | 57.8% | 67.2% | ↓ | Bottom 33% |
| Operating margin | 14.3% | 18.0% | ↓ | Bottom 31% |
| Net margin | 18.7% | 15.5% | ↑ | — |
| Free-cash-flow margin | 54.9% | 24.6% | ↑ | — |
| Return on invested capital | 0.7% | — | Bottom 38% | |
| Revenue growth, 3-year CAGR | 17.5% | — | Top 40% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +17.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 12.49×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.11%
- Net buyback yield (TTM)
- 3.13%
- Shareholder yield
- 6.24%
- Share count change, 1 year
- -0.6%
- Share count change, 3-year CAGR
- -0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +1.9%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $45.00
- Target vs current price
- +1.5%
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 21, 2026 | +0.0% | +2.4% | +1.1% | -0.3% | — |
| Apr 21, 2026 | +1.0% | -0.4% | -1.4% | -4.9% | +8.5% |
| Jan 21, 2026 | -2.7% | +4.4% | -2.7% | -0.1% | -3.5% |
| Oct 21, 2025 | +9.3% | -1.0% | +0.6% | +0.4% | +8.9% |
| Jul 22, 2025 | +2.1% | -0.9% | -3.2% | -2.9% | -6.5% |
| Apr 22, 2025 | +8.6% | +1.5% | +2.9% | +8.3% | +10.9% |
| Jan 22, 2025 | -11.5% | -4.7% | -4.2% | -6.4% | -8.7% |
| Oct 22, 2024 | +13.2% | +3.7% | +5.5% | +7.4% | -4.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 21, 2026 | $1.08 | $1.08 | +0.0% | $38.8M |
| Apr 21, 2026 | $1.02 | $1.01 | +1.0% | $37.9M |
| Jan 21, 2026 | $1.10 | $1.13 | -2.7% | $40.0M |
| Oct 21, 2025 | $1.18 | $1.08 | +9.3% | $38.5M |
| Jul 22, 2025 | $0.99 | $0.97 | +2.1% | $36.6M |
| Apr 22, 2025 | $1.01 | $0.93 | +8.6% | $35.6M |
| Jan 22, 2025 | $0.92 | $1.04 | -11.5% | $35.7M |
| Oct 22, 2024 | $1.29 | $1.14 | +13.2% | $36.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.2× | 8.3× | 100th | Top 17% |
| P/E (forward) | 10.2× | — | — | — |
| EV / EBITDA | 23.6× | — | — | Bottom 36% |
| EV / Sales | 3.90× | — | — | Bottom 37% |
| Free-cash-flow yield | 29.85% | — | — | Top 9% |
| Earnings yield | 9.79% | — | — | Top 17% |
P/E over the past five years
Range 6.7× – 10.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +11.2%
- Earnings per share growth (TTM)
- +3.1%
- Change in P/E multiple
- +7.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 2
- Days above the 200-day average
- 83
- 50-day average slope (20 days)
- +0.4%
- 200-day average slope (20 days)
- +0.8%
- Distance from 50-day average
- +2.2%
- Distance from 200-day average
- +6.1%
- RSI (14)
- 55.6
- Relative volume
- 0.62×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 20.8%
- Volatility vs own 5-year history
- 15th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.67
- Correlation with S&P 500
- 0.44
- Current drawdown from 1-year high
- -2.1%
- Maximum drawdown, 3 years
- -26.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 3, 2023 | Apr 26, 2023 | -29.1% | 56 days | 162 days (Dec 15, 2023) |
| Nov 11, 2024 | Apr 3, 2025 | -26.6% | 97 days | Not yet recovered |
| Nov 5, 2021 | Oct 12, 2022 | -26.5% | 234 days | 78 days (Feb 3, 2023) |
| Dec 26, 2023 | Apr 17, 2024 | -18.7% | 77 days | 60 days (Jul 15, 2024) |
| Sep 19, 2024 | Oct 10, 2024 | -12.7% | 15 days | 19 days (Nov 6, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $328.7M
- P/E (TTM)
- 10.2
- EPS, diluted (TTM)
- $4.34
- Revenue (TTM)
- $178.7M
- Dividend yield
- 2.59%
- 52-week range
- $36.66 – $45.85
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $131.1M | $134.1M | $185.3M | $203.7M | $217.5M |
| Gross profit | $120.9M | $113.5M | $136.6M | $136.5M | $144.7M |
| Operating income | $47.4M | $37.0M | $45.3M | $41.6M | $44.7M |
| Net income | $37.4M | $29.6M | $36.1M | $35.0M | $33.3M |
| EPS (diluted) | $4.32 | $3.70 | $4.56 | $4.36 | $4.28 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $52.2M | $59.2M | $51.4M | $53.2M | $55.8M | $57.2M | $54.8M | $10.9M |
| Net income | $10.3M | $7.4M | $8.0M | $7.7M | $9.2M | $8.4M | $7.8M | $7.9M |
| EPS (diluted) | $1.29 | $0.92 | $1.01 | $0.99 | $1.18 | $1.10 | $1.02 | $1.04 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $109.0M | $184.9M | $77.7M | $50.8M | $72.3M |
| Capital expenditure | -$2.0M | -$1.6M | -$1.7M | -$1.6M | -$20.4M |
| Free cash flow | $107.0M | $183.3M | $76.0M | $49.2M | $51.9M |
| Dividends paid | -$4.6M | -$7.1M | -$7.8M | -$8.3M | -$10.3M |
| Net share buybacks | -$14.2M | -$15.8M | -$578,000 | -$2.9M | -$14.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $282.3M
- Total assets
- $3.18B
- Total liabilities
- $2.86B
- Total debt
- $380.9M
- Net debt
- $368.1M
- Shareholders’ equity
- $319.0M
As of Jun 30, 2026 (filed Aug 10, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 7, 2026 | $0.29 | Aug 21, 2026 |
| May 7, 2026 | $0.29 | May 21, 2026 |
| Feb 6, 2026 | $0.29 | Feb 19, 2026 |
| Nov 6, 2025 | $0.28 | Nov 20, 2025 |
| Aug 7, 2025 | $0.50 | Aug 21, 2025 |
| May 8, 2025 | $0.28 | May 22, 2025 |
| Feb 6, 2025 | $0.28 | Feb 20, 2025 |
| Nov 7, 2024 | $0.27 | Nov 21, 2024 |
Short interest
- Shares sold short
- 152,140
- Days to cover
- 6.87
- Change vs previous report
- +5.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 15, 2021
- 2-for-1