Five Star Bancorp (NASDAQ:FSBC) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its price target lowered by Keefe, Bruyette & Woods from $37.00 to $35.00 in a research note issued to investors on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other analysts have also recently issued reports on FSBC. Raymond James restated an “outperform” rating and set a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a research note on Wednesday. Stephens reissued an “overweight” rating and issued a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday.

Five Star Bancorp Stock Performance

FSBC opened at $30.60 on Thursday. The firm’s fifty day moving average is $31.20 and its two-hundred day moving average is $30.08. The firm has a market cap of $652.39 million, a PE ratio of 13.42 and a beta of 0.48. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Equities analysts forecast that Five Star Bancorp will post 2.64 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 2.61%. Five Star Bancorp’s payout ratio is 35.09%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after acquiring an additional 25,374 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after acquiring an additional 89,834 shares in the last quarter. Barclays PLC grew its stake in shares of Five Star Bancorp by 332.1% in the 3rd quarter. Barclays PLC now owns 25,112 shares of the company’s stock worth $746,000 after acquiring an additional 19,301 shares in the last quarter. State Street Corp grew its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after acquiring an additional 66,602 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Five Star Bancorp by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after buying an additional 10,547 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.