Five Star Bancorp (NASDAQ:FSBC) Posts Earnings Results

Five Star Bancorp (NASDAQ:FSBC) issued its quarterly earnings data on Monday. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06, Zacks reports. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%.

Five Star Bancorp Stock Performance

NASDAQ:FSBC traded up $0.57 during mid-day trading on Monday, hitting $38.80. 110,482 shares of the company’s stock traded hands, compared to its average volume of 71,393. The company has a market cap of $829.16 million, a PE ratio of 14.37 and a beta of 0.52. The firm’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $33.71. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $40.31.

Five Star Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.25 per share. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Five Star Bancorp’s dividend payout ratio is presently 29.63%.

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PharVision Advisers LLC purchased a new stake in shares of Five Star Bancorp during the 3rd quarter worth about $241,000. Quarry LP acquired a new stake in Five Star Bancorp in the third quarter worth $40,000. Creative Planning grew its holdings in Five Star Bancorp by 46.6% in the 3rd quarter. Creative Planning now owns 25,645 shares of the company’s stock worth $826,000 after buying an additional 8,151 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Five Star Bancorp by 69.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 84,110 shares of the company’s stock valued at $2,708,000 after acquiring an additional 34,570 shares during the period. Finally, Invesco Ltd. lifted its holdings in Five Star Bancorp by 2.4% in the 3rd quarter. Invesco Ltd. now owns 334,647 shares of the company’s stock valued at $10,776,000 after acquiring an additional 7,954 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stephens cut Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a research report on Monday, November 10th. Raymond James Financial reissued an “outperform” rating and issued a $40.00 target price (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Janney Montgomery Scott initiated coverage on Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 price target for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.40.

About Five Star Bancorp

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.