Five Star Bancorp (FSBC) to Distribute Quarterly Dividend of $0.25 on November 9th

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Friday, October 16th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.25 per share on Monday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, November 2nd.

Five Star Bancorp has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.9%.

Five Star Bancorp Trading Down 1.8%

Shares of FSBC opened at $44.92 on Friday. The firm has a fifty day simple moving average of $44.39 and a 200 day simple moving average of $42.76. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.73 and a beta of 0.55. Five Star Bancorp has a 12 month low of $32.20 and a 12 month high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 26th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. The company had revenue of $52.62 million for the quarter, compared to analysts’ expectations of $51.31 million. As a group, research analysts predict that Five Star Bancorp will post 3.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSBC. DA Davidson reissued a “buy” rating and issued a $55.00 price target on shares of Five Star Bancorp in a report on Tuesday. Weiss Ratings cut Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 21st. Zacks Research raised Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Finally, Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research report on Monday, July 27th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.67.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.