FS Bancorp Competitors

FSBW Stock

USD 41.49 0.49 1.20%

FSBW conducts business in the Banks sector. FS Bancorp is grouped alongside Timberland Bancorp, Plumas Bancorp, First Bancorp, Citizens Northern, and Waterstone Financial for cross-company financial comparison. Price-to-sales ratios across FS Bancorp's competitors show which names the market values most per dollar of revenue.

Correlation: FS Bancorp vs CoastalSouth Bancshares, Snapshot

Weak diversification

Across the chosen horizon, FS Bancorp and CoastalSouth Bancshares, show a correlation of 0.5 and fall into the Weak diversification bucket. The overlap area shows the portion of risk diversified away by holding both instruments together.

Moving together with FSBW Stock

0.69	BIRG	Bank of Ireland Group PLC Earnings Call This Week	Pair Corr
0.86	RF	Regions Financial	Pair Corr

Moving Against FSBW Stock

0.56	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.4	CBAPM	Commonwealth Bank	Pair Corr

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Mean reversion analysis in FS Bancorp's involves identifying price extremes that diverge materially from the historical norm. High prices relative to historical norms contrast with unusually low prices, where recovery expectations may emerge. Mean reversion in FS Bancorp is distinct from trend following, which rides momentum rather than betting on reversals.

Sentiment

Range

Low	Sentiment	High
39.68	41.46	43.24

Details

Intrinsic

Valuation

Low	Intrinsic	High
37.34	97.22	99.00

Details

Naive

Forecast

Low	Next	High
39.26	41.04	42.82

Details

Analyst

Consensus

Low	Target	High
41.41	45.50	50.51

Details

FS Bancorp's financial and valuation profile is evaluated here relative to direct competitors. FS Bancorp's multiples and operating metrics gain context when measured against direct competitors. Growth rates, profitability, and capital efficiency relative to peers frame FS Bancorp's competitive position.

FS Bancorp Competition Correlation Matrix

Reviewing how FS Bancorp moves relative to competing stocks can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. When interpreted alongside fundamentals, correlation analysis separates broad industry exposure from company-specific behavior before additional capital is allocated across the peer group.

	TSBK	PLBC	FNLC	CZNC	WSBF	CBAN	BCML	PCB	CZFS	COSO
TSBK		0.34	0.8	0.65	0.73	0.77	0.32	0.82	0.59	0.74	TSBK
PLBC	0.34		0.75	0.87	0.33	0.76	0.41	0.68	0.56	0.82	PLBC
FNLC	0.8	0.75		0.89	0.62	0.91	0.5	0.91	0.72	0.91	FNLC
CZNC	0.65	0.87	0.89		0.59	0.92	0.46	0.82	0.61	0.92	CZNC
WSBF	0.73	0.33	0.62	0.59		0.65	0.29	0.74	0.65	0.57	WSBF
CBAN	0.77	0.76	0.91	0.92	0.65		0.38	0.86	0.62	0.93	CBAN
BCML	0.32	0.41	0.5	0.46	0.29	0.38		0.33	0.29	0.4	BCML
PCB	0.82	0.68	0.91	0.82	0.74	0.86	0.33		0.84	0.9	PCB
CZFS	0.59	0.56	0.72	0.61	0.65	0.62	0.29	0.84		0.65	CZFS
COSO	0.74	0.82	0.91	0.92	0.57	0.93	0.4	0.9	0.65		COSO
	TSBK	PLBC	FNLC	CZNC	WSBF	CBAN	BCML	PCB	CZFS	COSO

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Risk-Adjusted Indicators

Evaluating FSBW Stock requires separating price momentum from underlying operating strength versus competitors. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSBK	1.10	0.14	0.09	0.22	1.30	-1.14	2.80	-2.62	8.33
PLBC	0.86	0.06	0.05	0.07	1.10	-0.88	1.88	-1.94	7.34
FNLC	1.25	0.10	0.06	0.12	1.57	-1.29	2.19	-2.75	7.50
CZNC	1.08	0.08	0.05	0.13	1.32	-1.20	2.42	-2.54	7.63
WSBF	1.08	-0.01	0.00	-0.01	1.31	-1.27	2.44	-2.38	11.36
CBAN	1.11	0.06	0.04	0.06	1.47	-1.24	2.26	-2.87	8.97
BCML	1.25	0.01	0.00	0.01	2.39	-1.19	2.74	-2.15	16.36
PCB	1.15	0.09	0.06	0.14	1.42	-1.25	2.50	-2.38	6.50
CZFS	1.69	0.00	0.00	0.00	2.34	-1.65	3.27	-4.05	11.03
COSO	0.90	0.08	0.07	0.11	1.17	-1.02	2.29	-1.82	6.44

Peer Comparison: Net Income

Net income is what remains after all costs — operating expenses, interest, taxes, and preferred dividends — are deducted from FS Bancorp's total revenue. The relationship between net income growth and revenue growth at FS Bancorp reveals whether margin expansion is driving earnings or whether top-line growth is being consumed by rising costs and financing charges.

Compare FS Bancorp and related stocks such as Timberland Bancorp, Plumas Bancorp, and First Bancorp Net Income Over Time

Select Fundamental

	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
TSBK	3.3 M	4.6 M	4.8 M	5.8 M	8.3 M	10.2 M	14.2 M	16.7 M	24 M	24.3 M	27.6 M	23.6 M	27.1 M	24.3 M	29.2 M	33.5 M	35.2 M
PLBC	2.3 M	941 K	1.9 M	3.4 M	4.7 M	5.8 M	7.5 M	8.2 M	14 M	15.5 M	14.5 M	21 M	26.4 M	29.8 M	28.6 M	29.6 M	31.1 M
FNLC	2.7 M	12.4 M	12.7 M	13 M	14.7 M	16.2 M	18 M	19.6 M	23.5 M	25.5 M	27.1 M	36.3 M	39 M	29.5 M	27 M	34.4 M	36.1 M
CZNC	7.5 M	23.4 M	22.7 M	18.6 M	17.1 M	16.5 M	15.8 M	13.4 M	22 M	19.5 M	19.2 M	30.6 M	26.6 M	24.1 M	26 M	23.4 M	16.1 M
WSBF	5.3 M	-7.5 M	34.9 M	14.7 M	12.7 M	16.6 M	25.5 M	26 M	30.8 M	35.9 M	81.1 M	70.8 M	19.5 M	9.4 M	18.7 M	26.4 M	18.6 M
CBAN	2.1 M	2.5 M	2.6 M	4.6 M	7.5 M	8.4 M	8.7 M	7.8 M	11.9 M	10.2 M	11.8 M	18.7 M	19.5 M	21.7 M	23.9 M	28.3 M	29.7 M
BCML	-732 K	7.3 M	2.2 M	2.7 M	5.2 M	7.5 M	5.9 M	5.3 M	14.5 M	17.3 M	13.7 M	20.7 M	23.7 M	27.4 M	23.6 M	23.9 M	25.1 M
PCB	-968.3 K	841.7 K	8 M	21.4 M	11.8 M	12.2 M	14 M	16.4 M	24.3 M	24.1 M	16.2 M	40.1 M	35 M	30.7 M	25.8 M	37.5 M	39.3 M
CZFS	2.4 M	12.8 M	14.2 M	13.4 M	13.4 M	11.6 M	12.6 M	13 M	18 M	19.5 M	25.1 M	29.1 M	29.1 M	17.8 M	27.8 M	36.6 M	38.4 M

FS Bancorp Competitive Analysis

Sizing up FS Bancorp against Timberland Bancorp, Plumas Bancorp, and First Bancorp reveals meaningful differences in scale and efficiency. At a 311.2 M valuation, FS Bancorp brings in 217.5 M on the top line. The company converts revenue to profit at a 23.02% rate and delivers 10.82% on shareholder equity. The market prices Timberland Bancorp more richly at 10.80x earnings, while FS Bancorp trades at 3.24x. Revenue tilts toward FS Bancorp at 217.5 M compared with 108.2 M. First Bancorp keeps more of each revenue dollar with a 37.83% margin versus 23.02% at FS Bancorp.

Better Than Average

Worse Than Peers

View Performance Chart

	FSBW	TSBK	PLBC	FNLC	CZNC	WSBF	CBAN
	1.20 41.49 FSBW	0.27 40.65 Timberland	0.89 51.25 Plumas	0.17 29.05 First	0.57 23.13 Citizens	0.33 17.91 Waterstone	0.45 19.89 Colony
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Low
Market Performance (90 Days Performance)	Soft	Moderate	Mild	Moderate	Moderate	Soft	Contained
Odds of Financial Distress (Probability Of Bankruptcy)	Minimal	Minimal	Minimal	Minimal	Minimal	Low	Minimal
Current Valuation (Equity Enterprise Value)	Below Model Estimate	Below Model Estimate	Below Model Estimate	Above Model Estimate	Above Model Estimate	Below Model Estimate	Above Model Estimate
Buy or Sell Analysis (Average Analysts Consensus)	Buy	Strong Sell	Strong Buy	Strong Sell	Hold	Hold	Buy
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Strong Hold	Strong Buy	Strong Buy	Strong Hold	Strong Hold
Net Asset	3.2 B	2.01 B	2.24 B	3.17 B	3.13 B	2.26 B	3.74 B
Profit Margin	0.23	0.36	0.33	0.38	0.2	0.2	0.22
EBITDA	54.95 M	38.73 M	39.59 M	41.94 M	28.64 M	33.45 M	35.13 M
Operating Margin	0.32	0.49	0.52	0.47	0.35	0.21	0.32
Current Valuation	490.82 M	90.18 M	438.76 M	469.54 M	561.26 M	679.53 M	383.25 M
Price To Book	0.99 X	1.20 X	1.35 X	1.14 X	1.21 X	0.93 X	1.11 X
Retained Earnings	280.2 M	236.61 M	195.9 M	240.46 M	171.21 M	292.96 M	160.58 M
Five Year Return	1.42 %	2.58 %	1.69 %	4.32 %	4.62 %	3.21 %	1.98 %
Number Of Employees	585	271	232	278	460	593	506
Shares Outstanding	7.5 M	7.88 M	6.97 M	11.27 M	17.91 M	18.15 M	21.16 M
Cash Flow From Operations	72.31 M	30.16 M	21.59 M	37.81 M	32 M	19.02 M	9.59 M
Annual Yield	0.03 %	0.03 %	0.03 %	0.05 %	0.05 %	0.04 %	0.02 %
Total Debt	141.08 M	23.08 M	147.9 M	187.82 M	193.05 M	412.26 M	268.43 M
Return On Equity	0.11	0.12	0.14	0.13	0.0759	0.0852	0.0894
Trailing Beta	0.67	0.33	0.58	0.51	0.49	0.77	0.6
Return On Asset	0.0106	0.0156	0.0168	0.0114	0.0082	0.0133	0.0087
Number Of Shares Shorted	78.65 K	45.61 K	57.34 K	73.61 K	279.05 K	164.84 K	74.48 K
Book Value Per Share	42.42 X	34.06 X	37.52 X	25.23 X	19.17 X	19.95 X	17.98 X
Total Asset	3.2 B	2.01 B	2.24 B	3.17 B	3.13 B	2.26 B	3.74 B
Debt To Equity	7.99 %	8.21 %	13.10 %	8.34 %	0.14 %	3.50 %	14.20 %
Short Ratio	6.34 X	0.92 X	0.91 X	3.22 X	6.96 X	1.99 X	0.92 X
Target Price	45.5	12.5	60.33	N/A	25.0	12.5	23.63
Last Dividend Paid	1.13	1.05	1.23	1.48	1.12	0.62	0.47
Shares Owned By Institutions	68.37 %	67.20 %	45.97 %	52.20 %	31.16 %	51.97 %	55.90 %
Price To Earnings	3.24 X	10.80 X	11.39 X	8.81 X	15.69 X	4.18 X	8.64 X
Market Capitalization	311.24 M	320.5 M	357.67 M	327.42 M	414.26 M	324.99 M	420.91 M
Price To Earnings To Growth	1.34 X	2.94 X	1.49 X	N/A	1.21 X	N/A	2.11 X
Price To Sales	2.16 X	3.83 X	3.63 X	3.41 X	3.55 X	2.19 X	3.06 X
Net Income	33.35 M	29.16 M	29.62 M	34.39 M	23.43 M	26.4 M	28.25 M
Earnings Per Share	4.30 X	3.85 X	4.72 X	3.24 X	1.46 X	1.65 X	1.60 X
Shares Owned By Insiders	8.80 %	7.04 %	7.65 %	4.92 %	4.08 %	18.68 %	3.86 %
Revenue	217.51 M	110.49 M	108.25 M	177.61 M	154.19 M	201.61 M	186.11 M
Cash And Equivalents	164.76 M	446.04 M	334.12 M	99.19 M	64.04 M	103.14 M	85.04 M
Cash Per Share	21.39 X	54.07 X	57.12 X	8.98 X	4.13 X	4.83 X	4.82 X
Gross Profit	144.04 M	83.73 M	98.41 M	95.98 M	116.63 M	148.51 M	137.33 M
Day Typical Price	41.37	40.46	51.4	29.0	23.08	17.82	19.98
Accumulation Distribution	0.0303	0.0358	0.0179	0.0154	0.0146	0.0244	0.0217
Market Facilitation Index	1.27	1.47	0.93	0.45	0.34	0.44	0.44
Daily Balance Of Power	0.3858	0.0748	-0.49	-0.11	0.3824	-0.14	-0.20
Period Momentum Indicator	0.49	0.11	-0.46	-0.05	0.13	-0.06	-0.09
Rate Of Daily Change	1.01	1.0	0.99	1.0	1.01	1.0	1.0
Day Median Price	41.32	40.37	51.47	28.98	23.06	17.78	20.02
Price Action Indicator	0.42	0.34	-0.45	0.05	0.13	0.1	-0.17
Relative Strength Index	55.61	54.38	N/A	56.43	54.55	46.76	48.18
Coefficient Of Variation	-4,407	1047.41	1762.24	1473.71	1695.87	56841.4	2377.56
Mean Deviation	1.33	1.1	0.8635	1.25	1.08	1.08	1.11
Jensen Alpha	-0.05	0.1371	0.0564	0.0984	0.0762	-0.01	0.0576
Total Risk Alpha	-0.05	0.138	0.0569	0.0993	0.0771	-0.01	0.0583
Sortino Ratio	N/A	0.0897	0.0468	0.0605	0.0532	-0.0046	0.0368
Downside Variance	N/A	2.35	1.47	2.66	2.07	1.81	2.45
Standard Deviation	1.86	1.53	1.16	1.59	1.45	1.64	1.59
Kurtosis	3.9	0.8811	1.77	0.3589	0.7382	9.3	1.84
Potential Upside	2.54	2.8	1.88	2.19	2.42	2.44	2.26
Treynor Ratio	-0.07	0.2214	0.0742	0.125	0.1307	-0.01	0.0599
Maximum Drawdown	9.67	8.33	7.34	7.5	7.63	11.36	8.97
Variance	3.46	2.35	1.34	2.52	2.11	2.69	2.51
Market Risk Adjusted Performance	-0.06	0.2314	0.0842	0.135	0.1407	-0.0025	0.0699
Risk Adjusted Performance	-0.02	0.0934	0.0551	0.0677	0.0588	0.0059	0.0435
Skewness	0.9294	-0.09	-0.11	-0.07	0.0491	1.8	-0.11
Semi Deviation	N/A	1.3	1.1	1.57	1.32	1.31	1.47
Information Ratio	-0.03	0.0896	0.0489	0.0622	0.0527	-0.0038	0.0364
Value At Risk	-2.42	-2.62	-1.94	-2.75	-2.54	-2.38	-2.87
Expected Short fall	N/A	-1.14	-0.88	-1.29	-1.20	-1.27	-1.24
Downside Deviation	N/A	1.53	1.21	1.63	1.44	1.35	1.57
Semi Variance	N/A	1.68	1.22	2.46	1.74	1.71	2.17

FS Bancorp Competition Peer Performance Charts

How to Analyze FS Bancorp Against Peers

FS Bancorp's peer analysis compares FS Bancorp with related companies to put valuation, quality, and risk metrics in context. This establishes whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether FS Bancorp trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where FS Bancorp leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Dividend growth at FS Bancorp has outpaced most competitors, suggesting management sees durable cash flow ahead. Two companies in the same sector can have very different risk profiles once you look past revenue size. Competition analysis is informative when price, margins, leverage, and growth are read together. For peer comparison, FS Bancorp has a market cap of 311.24 M, P/E of 3.24, profit margin of 23.02%.

FS Bancorp data is compiled from periodic company reporting and market reference feeds and standardized for comparability. Analyst inputs may be included when coverage is available.

Editorial review and methodology oversight provided by: Vlad Skutelnik, Macroaxis Contributor

Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Operating Cycle	Price Book Value Ratio
Price Earnings To Growth Ratio	Days Of Payables Outstanding
Dividend Payout Ratio	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity