How does FXLG's PE Ratio compare to its peers?

FXLG is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (20.5x).

How does FXLG's PE Ratio compare vs other companies in the US Banks Industry?

FXLG is good value based on its Price-To-Earnings Ratio (9.4x) compared to the US Banks industry average (12.4x).

What is FXLG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FXLG's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of FXLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FXLG ($31.8) is trading below our estimate of [[fair value]] ($67.05)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

FXLG Stock Overview

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals or business customers in Indiana and Michigan. More details

FXLG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 52.6% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

FS Bancorp Competitors

Sound Financial Bancorp

NasdaqCM:SFBC

US$140.1m

Lyons Bancorp

OTCPK:LYBC

US$137.8m

Affinity Bancshares

NasdaqCM:AFBI

US$144.2m

Landmark Bancorp

NasdaqGM:LARK

US$140.8m

Price History & Performance

Summary of share price highs, lows and changes for FS Bancorp
Historical stock prices
Current Share Price	US$31.80
52 Week High	US$33.51
52 Week Low	US$23.40
Beta	0.067
1 Month Change	0.95%
3 Month Change	4.26%
1 Year Change	22.31%
3 Year Change	6.00%
5 Year Change	6.00%
Change since IPO	389.23%

Recent updates

Shareholder Returns

	FXLG	US Banks	US Market
7D	0%	-3.5%	-2.7%
1Y	22.3%	29.1%	23.4%

Return vs Industry: FXLG underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: FXLG underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is FXLG's price volatile compared to industry and market?
FXLG volatility
FXLG Average Weekly Movement	n/a
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.2%

Stable Share Price: FXLG's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine FXLG's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1915	n/a	Joe Urbanski	www.farmersstatebank.com

FS Bancorp operates as the holding company for Farmers State Bank that provides banking products and services to individuals or business customers in Indiana and Michigan. It offers checking, consumer, and health saving accounts; individual retirement accounts and certificates of deposit; consumer and commercial loans; mortgages; safe deposit boxes; overdraft services; credit, debit, ATM, and gift cards; and merchant services, as well as cash management services. The company also provides mobile, online, and telephone banking services; and online bill pay services.

FS Bancorp Fundamentals Summary

How do FS Bancorp's earnings and revenue compare to its market cap?
FXLG fundamental statistics
Market cap	US$134.43m
Earnings (TTM)	US$14.26m
Revenue (TTM)	US$41.17m

9.4x

P/E Ratio

1.2x

P/B Ratio

Is FXLG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FXLG income statement (TTM)
Revenue	US$41.17m
Cost of Revenue	US$0
Gross Profit	US$41.17m
Other Expenses	US$26.91m
Earnings	US$14.26m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.37
Gross Margin	100.00%
Net Profit Margin	34.64%
Debt/Equity Ratio	14.8%

How did FXLG perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

6%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 09:00
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FS Bancorp is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

FS Bancorp OTCPK:FXLG Stock Report