FSBW

  
 
 
FS Bancorp, Inc.

Dividend Growth

Min. Div. Growth Past 7 Yrs. ≥ 15%: 15.0
Rolling 4-Yrs Div. Growth Past 7 Yrs ≥ 15%: 26.0%
Years of Div. Growth ≥ 15: 11

Income Generation

Current Yield 2.3≥ 20-Yrs Treasury Yield 4.7
Total Dividends ≥ 20-Yrs Treasury Coupons in 5 Yrs

Sustainability

Debt-To-Equity 0.46 ≤ 0.45 
Last 12Months Cash Payout 0.13 ≤ 0.6 

Profitability

5-Yr Avg. Return-on-Equity 14.6≥ 15%
Last 12Months Return-on-Equity 13.4≥ 15%
Last 12Months Net Profit Margin 18.5≥ 10% 

Fair Value

Average 5-Yrs High Yield 2.8%
Current Price $46.5 ≤ High Yield Price $37.8
Average 5-Yrs Price-to-Earning (P/E) 7.3
Current Price $46.5 ≤ Average P/E Price $33.5
Current Price $46.5 ≤ Fair Value $38.4 

Company Description
FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company provides one-to-four-family residential first mortgages, second mortgage/home equity loan products, non-mortgage commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which primarily include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. As of December 31, 2021, it operated 21 full bank service branches and 10 home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Jefferson, Kitsap, Clallam, Grays Harbor, Thurston, and Lewis counties; and one loan production office in the market area of the Tri-Cities. The company was founded in 1936 and is headquartered in Mountlake Terrace, Washington.

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