What is the 13F Pro Quality Score for FSBW?

13F Pro ranks FS Bancorp, Inc. (FSBW) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FSBW's current score at https://13fpro.ai/research/FSBW (free sign-up required for the full ranking).

Which hedge funds own the most FSBW stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of FSBW include BlackRock,, DIMENSIONAL FUND ADVISORS, De Lisle Partners LLP. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/FSBW as soon as new 13F filings post.

Where does 13F Pro source FSBW data?

All FS Bancorp, Inc. fundamentals and ownership data come directly from SEC EDGAR. FS Bancorp, Inc. files with the SEC under CIK 1530249. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FSBW in?

FS Bancorp, Inc. (FSBW) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is FSBW research updated on 13F Pro?

FSBW's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

FS Bancorp, Inc.(FSBW)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

FSBW Stock Analysis & AI Quality Score

AI stock analysis and institutional research for FS Bancorp, Inc. (FSBW), a Financials sector company. FSBW is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), FS Bancorp, Inc. reports quarterly revenue of $37.9M, net income of $7.8M, an operating margin of 26.1%. Top institutional holders of FSBW by reported 13-F value include BlackRock,, DIMENSIONAL FUND ADVISORS, De Lisle Partners LLP, based on the most recent SEC filings. FSBW trades on the Nasdaq exchange and files with the SEC under CIK 1530249. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FSBW daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FS Bancorp, Inc. directly from SEC EDGAR. FS Bancorp, Inc.'s 13F Pro composite quality score has ranged between 33 and 69 since 2021, currently 67.0 — an improving long-term trajectory across 16 quarterly and live scoring snapshots.

Revenue

Q1 2026

$37.9M

Net Income

Q1 2026

$7.8M

Free Cash Flow

Q1 2026

$8.4M

Operating Margin

Q1 2026

26.1%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

—FY 2025

FY22 $3.2MFY23 $4.6MFY24 —FY25 —

Net Income

-4.8% YoY

$33.3MFY 2025

FY22 $29.6MFY23 $36.1MFY24 $35.0MFY25 $33.3M

EPS (Diluted)

-1.6% YoY

$4.29FY 2025

FY22 $3.70FY23 $4.56FY24 $4.36FY25 $4.29

Total Assets

+5.5% YoY

$3.20BFY 2025

FY22 $2.63BFY23 $2.97BFY24 $3.03BFY25 $3.20B

Total Debt

-58.0% YoY

$129.3MFY 2025

FY22 $186.5MFY23 $93.7MFY24 $307.8MFY25 $129.3M

Op. Cash Flow

+42.3% YoY

$72.3MFY 2025

FY22 $184.9MFY23 $77.7MFY24 $50.8MFY25 $72.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	—	—	$4.6M +44.8%	$3.2M +5.8%	$3.0M +12.9%	$2.7M
Net Income	$33.3M -4.8%	$35.0M -2.9%	$36.1M +21.8%	$29.6M -20.9%	$37.4M -4.7%	$39.3M
EPS (Diluted)	$4.29 -1.6%	$4.36 -4.4%	$4.56 +23.2%	$3.70 -15.3%	$4.37 +94.7%	$2.25
Total Assets	$3.20B +5.5%	$3.03B +1.9%	$2.97B +12.9%	$2.63B +15.2%	$2.29B +8.2%	$2.11B
Total Debt	$129.3M -58.0%	$307.8M +228.3%	$93.7M -49.7%	$186.5M +338.6%	$42.5M -74.4%	$165.8M
Operating Cash Flow	$72.3M +42.3%	$50.8M -34.6%	$77.7M -58.0%	$184.9M +69.6%	$109.0M +437.3%	$-32.3M

AI Insight: FSBW Ratio Trends

FSBW's profitability metrics have drifted lower over the past year, with ROE slipping from 14.2% in Q3 2024 to 10.0% in Q1 2026.

• ROE peaked at 14.2% in Q3 2024 and has since declined to 10.0% in Q1 2026, a 420bp contraction.

• ROIC has been volatile, swinging from 6.5% in Q4 2024 to 10.8% in Q3 2025, then retreating to 8.2% in Q1 2026.

• D/E spiked to 1.04 in Q4 2024 but has since normalised to 0.53 in Q1 2026, easing leverage concerns.

• ROA has held a narrow 1.0%–1.1% range across Q2 2025 through Q1 2026, suggesting stable but unspectacular asset productivity.

⚠ ROE has now matched its Q4 2024 trough of 10.0% in Q1 2026 — watch whether earnings can recover or confirm a structural step-down.

⚠ ROIC dropped from 10.8% in Q3 2025 to 8.2% in Q1 2026 — a two-quarter declining streak worth monitoring for continuation.

⚠ D/E normalisation from 1.04 to 0.53 is encouraging; sustained sub-0.6 readings would confirm improved balance sheet discipline.

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Available Research

13F Pro tracks comprehensive data for FS Bancorp, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FSBW

BlackRock, Inc.
$16.9M436,787 sh
DIMENSIONAL FUND ADVISORS LP
$16.1M418,288 sh
De Lisle Partners LLP
$15.2M391,651 sh
VANGUARD CAPITAL MANAGEMENT LLC
$12.6M325,253 sh
Pacific Ridge Capital Partners, LLC
$8.0M208,094 sh
ALLIANCEBERNSTEIN L.P.
$6.0M144,839 sh
GEODE CAPITAL MANAGEMENT, LLC
$5.9M153,008 sh
TCW GROUP INC
$5.9M152,029 sh
STATE STREET CORP
$5.0M128,305 sh
RENAISSANCE TECHNOLOGIES LLC
$4.2M108,885 sh

Fund	Value	Shares
BlackRock, Inc.	$16.9M	436,787
DIMENSIONAL FUND ADVISORS LP	$16.1M	418,288
De Lisle Partners LLP	$15.2M	391,651
VANGUARD CAPITAL MANAGEMENT LLC	$12.6M	325,253
Pacific Ridge Capital Partners, LLC	$8.0M	208,094
ALLIANCEBERNSTEIN L.P.	$6.0M	144,839
GEODE CAPITAL MANAGEMENT, LLC	$5.9M	153,008
TCW GROUP INC	$5.9M	152,029
STATE STREET CORP	$5.0M	128,305
RENAISSANCE TECHNOLOGIES LLC	$4.2M	108,885

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Is FSBW a good stock to buy?

13F Pro's AI-powered analysis of FS Bancorp, Inc. (FSBW) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FSBW are available on the FSBW stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own FSBW?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FSBW. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FS Bancorp, Inc.'s investment landscape.