FS BANCORP INC (FSBW)
Financials · Regional Banks · NASDAQ
A community-focused financial institution serving the Pacific Northwest with a diversified business model spanning commercial/consumer banking and mortgage lending.
What FS BANCORP INC does
FS Bancorp is the holding company for 1st Security Bank of Washington, a community-focused financial institution serving the Puget Sound region and parts of Oregon. The company operates through two main segments: Commercial and Consumer Banking, which provides deposit products, commercial real estate loans, and business services; and Home Lending, which focuses on residential mortgage originations for secondary market sale and investment. It also maintains an indirect consumer lending platform that operates across the Western United States.
Recent developments
The company is currently in the process of a proposed merger with Pacific West Bancorp. Additionally, the company reported a strategic shift in Q2 2026 to reduce reliance on higher-cost brokered deposits in favor of borrowings to manage interest rate risk and liquidity.
From FS BANCORP INC's filing of 2026-08-10.
Themes: community banking, mortgage lending, commercial real estate lending, regional banking (Pacific Northwest), M&A integration
Fundamentals
- Price$44.32 as of 2026-10-08 close
- Market cap$329M as of 2026-08-05 (share count; price 2026-10-08)
- 1-year return+11.7% 2025-10-08 close $39.69 → 2026-10-08 close $44.32
- P/E10.13 as of 2026-10-08
- Net margin+781.7% FY2023, SEC XBRL
- ROE+10.8% FY2025, SEC XBRL
- Debt / equity0.16 as of 2026-09-03
- Revenue growth (YoY)+47.3% as of 2026-09-03
- Revenue CAGR (3y)+20.1% SEC XBRL
- Beta0.63 as of 2026-09-03
- Last reported earnings2026-07-21 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.6%; at least 6 years of non-decreasing per-share dividends (SEC XBRL) — a stock split inside this window left the earlier years on a different per-share basis, so the real streak may be longer.
How FSBW compares in its sector
- price-to-earnings ratiobottom 25% 513 covered Financials peers, as of 2026-10-08
- net profit margintop 10% 344 covered Financials peers, as of 2026-09-03
- return on equitymiddle range 559 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRtop 25% 347 covered Financials peers
- indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)middle range 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, FSBW's dividend was covered by reported results (earnings payout 31%, free-cash-flow payout 20%). This describes past coverage, not a forecast.
- Earnings payout31% dividends / net income
- Free-cash-flow payout20% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How FS BANCORP INC looks technically
FS BANCORP INC (FSBW) is trading 6.0% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 81 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 11, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 55, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 1 trading day ago (its momentum flipped positive). It made a new 20-day high about 18 trading days ago. It is 3.3% below its 52-week high (its highest price of the past year). Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 6.0% above its 200-day average, the long-term trend line — a longer-term uptrend | +6.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $43.42 | $43.42 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $41.80 | $41.80 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 21 calendar days ago — the swings before that are what the structure reading is measured on | 21 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that upward direction; the labelling fails if price closes below 44.125. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a completed three-part correction. | possible upward five-wave sequence, in wave 4 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 81 trading days ago — a "golden cross", a bullish long-term signal | 81 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 11, below the 25 that marks a real trend) | 11.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 55, neither overbought (above 70) nor oversold (below 30) | 55.1 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($43.08 to $44.82) — its "stochastic" reading is 71 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 71.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 1 trading day ago (its momentum flipped positive) | 1 session |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $45.85 | $45.85 |
|---|---|---|
| From the 52-week high | it is 3.3% below its 52-week high (its highest price of the past year) | -3.3% |
| Above the 52-week low | it is 20.9% above its 52-week low (its lowest price of the past year) | +20.9% |
| Below the 52-week high | it is 3.3% below its highest point of the past year | 3.3% |
| Since a 20-day breakout | it made a new 20-day high about 18 trading days ago | 18 sessions |
| Since a 55-day breakout | it made a new 55-day high about 60 trading days ago | 60 sessions |
| All-time high | its highest closing price on record is $49.15 (set on 2024-11-11) | $49.15 |
| Given back of the 52-week move | over the past year its closes ranged ($37.04 to $45.27), and it has given back only a small part of its rise from last year’s low — 12% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $39.92 to $40.18. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 11.5% |
| From the all-time high | it is 9.8% below its all-time high | -9.8% |
| Nearest price level | it is trading 0.8% above a support level at $43.96 — a price it turned at five times since 2025-12-16, most recently on 2026-08-13. Since 2024-10-08 it has 8 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.8% |
| All-time low | its lowest closing price on record is $4.95 (set on 2012-07-10) | $4.95 |
| Above the all-time low | it is 795.4% above its all-time low | +795.4% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 0th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.8917 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.8917 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $43.27 and $44.79 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $43.27 – $44.03 – $44.79 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.0% |
| Stretch from the 200-day average | it is trading 2.8 daily ranges above its 200-day average price (6.0% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.8 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.86× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 1 session ago |
|---|---|---|
| Since a hammer | 3 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 3 sessions ago |
| Since a bearish engulfing | 7 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 7 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 0.1% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.1% |
|---|---|---|
| Open gap | it gapped 2.4% above the previous close 25 sessions ago and has not traded back through the level it left behind at 42.43 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.4% |
| Gap filled | a 4.0% gap down opened on 2026-07-22 has been "filled" 53 sessions ago — price traded back through the level the gap left behind, and it took 2 sessions to close | 53 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +0.48% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 1.8 percentage points (the stock gained 2.9% while the market gained 1.0%) | +1.8% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock has tracked the market almost exactly (the stock gained 3.8% while the market gained 3.8%) | +0.0% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 5.3 percentage points (the stock gained 12.2% while the market gained 17.5%) | -5.3% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 3.3 percentage points (the stock gained 11.7% while the market gained 15.0%) | -3.3% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: lagging the market over 6 months — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 2.4% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thin, spanning 1.2% of the share price, which is taken to mean a barrier that gives way easily. | +2.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 5% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $42.27 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | +4.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% above the average price paid since it last reported on 2026-07-21 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $43.50 — a volume-weighted average of daily closes over 57 sessions, not a true tick-by-tick VWAP. | +1.9% |
Price levels it has turned at before
FSBW last closed at $44.32 on 2026-10-08. Since 2024-10-08 it has turned at 8 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $43.96 | Support | 0.8% below the last close | turned there five times · 2025-12-16 to 2026-08-13 |
| $44.86 | Resistance | 1.2% above the last close | turned there three times · 2024-11-19 to 2026-09-17 |
| $42.88 | Support | 3.2% below the last close | turned there 13 times · 2024-10-21 to 2026-10-01 |
| $46.11 | Resistance | 4.0% above the last close | turned there three times · 2024-10-18 to 2026-07-17 |
| $41.56 | Support | 6.2% below the last close | turned there 7 times · 2024-11-04 to 2026-08-21 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes below $44.13.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $44.13 and $44.25 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a completed three-part correction, which fails on a close above $45.03.
This reading has stood for 2 trading days, since 2026-10-07.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · MACD just crossed bullish (12/26/9) · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · lagging the market · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · bollinger bands
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (3.00 mean, 1=Strong Buy…5=Strong Sell) — 2 analysts
- Mean price target$45.00 range $45.00 – $45.00
Analyst estimates, as of 2026-10-09. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for FSBW
- Consensus EPS estimate$1.11 next reporting period, as of 2026-10-09
- Estimate change, 30 days$0.00 (0.0%) from $1.11, on 2026-09-04, 35-day window
- Readings revised upward0% of 9 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Credit risk inherent in lending activities, including loan delinquencies and charge-offs in the CRE and consumer portfolios.","Interest rate volatility and its impact on net interest margins, cost of funds, and the value of assets.","Execution risks related to the proposed merger and integration with Pacific West Bancorp."]
What changed in the latest 10-Q
AI-assisted comparison of FSBW's 10-Q filed 2026-08-10 against the prior one filed 2026-05-08.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing adds risk factor language about adapting to artificial intelligence ('AI') including risks of model error, bias, regulatory scrutiny under fair lending laws, and third-party AI dependencies.
- Newer filing adds a new risk factor regarding the evolving regulatory and market environment for digital assets and cryptocurrency, including potential impacts on customer behavior, deposit flows, and ability to offer or support related products or services.
- Reworded:
- Newer filing expands the technological change risk factor to include AI-related details and risks; older filing referenced artificial intelligence only generally without specifying AI model risks, bias, regulatory scrutiny under fair lending laws, or third-party AI dependencies.
- Newer filing uses curly apostrophes in 'Company’s' throughout the merger section; older filing uses straight apostrophes in 'Company's' in the same section (typographical only).
- Notes:
- The newer filing text appears truncated mid-sentence in the Overview section: '1st Security Bank including the predecessor to Anchor Bank, one of its banki' with no further content provided, limiting comparison of the Overview and any subsequent MD&A content.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 4 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 90 days · read to 2026-10-040 buys · 4 sells ($153411) — 2 selling insiders
- Last 180 days · read to 2026-10-040 buys · 4 sells ($153411) — 2 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-28. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about FSBW's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding FSBW as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 740,758
- Reported value $32,148,901
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about FSBW's institutional holders → See what each manager we track holds →
Short interest (FINRA)
FSBW had 152,140 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
FSBW had 2.05% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.87 days to cover at the same settlement.
- Reported short interest (shares) 152,140
- Short interest (% of shares outstanding) 2.05%
- Prior settlement (shares) 144,784
- Reported change 5.08%
- Days to cover (reported) 6.87
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Washington Federal (WAFD)
- Banner Corporation (BANR)
- Columbia Banking System (COLB)
- HomeStreet (HMST)
- Peoples Bancorp (PBFS)
- Umpqua Holdings (UMPQ)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does FS BANCORP INC (FSBW) do?
FS Bancorp is the holding company for 1st Security Bank of Washington, a community-focused financial institution serving the Puget Sound region and parts of Oregon. The company operates through two main segments: Commercial and Consumer Banking, which provides deposit products, commercial real estate loans, and business services; and Home Lending, which focuses on residential mortgage originations for secondary market sale and investment.
What sector is FS BANCORP INC (FSBW) in?
FS BANCORP INC (FSBW) is classified in the Financials sector. Its industry is Regional Banks. It trades on NASDAQ.
Does FSBW pay a dividend?
Yes — FS BANCORP INC (FSBW) pays a dividend, with an indicated yield of about 2.64% and at least 6 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — a stock split inside this window left the earlier years on a different per-share basis, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are FS BANCORP INC's (FSBW) competitors?
Notable peers of FS BANCORP INC (FSBW) include Washington Federal, Banner Corporation, Columbia Banking System, HomeStreet and Peoples Bancorp. This peer set is informational only — not financial advice.
Is FS BANCORP INC (FSBW) overbought or oversold right now?
FS BANCORP INC (FSBW) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 55, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on FSBW come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.