Five Star Bancorp (NASDAQ:FSBC) Downgraded to Equal Weight Rating by Stephens

Five Star Bancorp (NASDAQ:FSBC) was downgraded by Stephens from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $37.00 price objective on the stock. Stephens’ price target indicates a potential upside of 8.14% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th. DA Davidson set a $43.00 price objective on Five Star Bancorp in a research note on Wednesday, October 29th. Raymond James Financial restated an “outperform” rating and set a $40.00 target price (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Finally, Janney Montgomery Scott began coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They issued a “buy” rating and a $37.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Five Star Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $39.40.

Five Star Bancorp Trading Down 0.6%

Shares of NASDAQ:FSBC traded down $0.20 during trading on Monday, hitting $34.22. 3,839 shares of the company’s stock traded hands, compared to its average volume of 52,465. The company has a market cap of $731.17 million, a price-to-earnings ratio of 12.67 and a beta of 0.52. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $37.74. The company has a 50-day moving average price of $33.28 and a 200-day moving average price of $30.66.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, October 27th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a net margin of 23.18% and a return on equity of 14.09%. The firm had revenue of $41.31 million during the quarter, compared to analyst estimates of $40.34 million. During the same period in the prior year, the business earned $0.52 EPS. On average, analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Five Star Bancorp

In other news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction on Friday, August 15th. The stock was sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the sale, the chief operating officer owned 11,960 shares of the company’s stock, valued at approximately $370,042.40. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.57% of the company’s stock.

Institutional Trading of Five Star Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Five Star Bancorp in the third quarter valued at approximately $27,000. CWM LLC increased its stake in Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after acquiring an additional 827 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp during the 2nd quarter valued at $34,000. Raymond James Financial Inc. acquired a new stake in shares of Five Star Bancorp during the 2nd quarter worth $64,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after purchasing an additional 1,359 shares during the period. 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.