Five Star Bancorp (NASDAQ:FSBC) Sets New 52-Week High – Should You Buy?

Five Star Bancorp (NASDAQ:FSBC) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $40.38 and last traded at $40.19, with a volume of 9074 shares. The stock had previously closed at $39.62.

Analyst Ratings Changes

Several research analysts have weighed in on FSBC shares. Stephens downgraded shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research report on Monday, November 10th. Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 target price (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. DA Davidson upped their price target on Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Janney Montgomery Scott started coverage on Five Star Bancorp in a research report on Friday, October 10th. They set a “buy” rating and a $37.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Five Star Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Five Star Bancorp Stock Up 1.2%

The business has a 50 day moving average price of $36.74 and a two-hundred day moving average price of $34.02. The stock has a market cap of $856.60 million, a P/E ratio of 13.85 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.73% and a net margin of 24.11%.The company had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. On average, research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Monday, February 2nd will be given a dividend of $0.25 per share. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, February 2nd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 27.59%.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FSBC. State of Alaska Department of Revenue purchased a new position in shares of Five Star Bancorp during the third quarter valued at about $27,000. CWM LLC boosted its stake in Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after buying an additional 827 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Five Star Bancorp during the 2nd quarter valued at approximately $34,000. Quarry LP bought a new stake in Five Star Bancorp in the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. bought a new stake in Five Star Bancorp in the 2nd quarter worth approximately $64,000. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Company Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.