Five Star Bancorp (NASDAQ:FSBC) Receives Average Rating of “Moderate Buy” from Analysts

Five Star Bancorp (NASDAQ:FSBC) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.40.

A number of equities analysts recently weighed in on the stock. DA Davidson boosted their target price on shares of Five Star Bancorp from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on shares of Five Star Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Finally, Janney Montgomery Scott assumed coverage on shares of Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 target price on the stock.

Insider Buying and Selling

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction on Friday, August 15th. The shares were sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the transaction, the chief operating officer directly owned 11,960 shares of the company’s stock, valued at $370,042.40. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in Five Star Bancorp during the third quarter worth $27,000. CWM LLC boosted its position in Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after purchasing an additional 827 shares during the period. Russell Investments Group Ltd. bought a new position in Five Star Bancorp during the second quarter worth $34,000. Raymond James Financial Inc. bought a new position in Five Star Bancorp during the second quarter worth $64,000. Finally, Tower Research Capital LLC TRC boosted its position in Five Star Bancorp by 65.5% during 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. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Trading Down 0.1%

Shares of FSBC opened at $35.58 on Tuesday. The company has a market cap of $760.27 million, a price-to-earnings ratio of 14.52 and a beta of 0.51. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $36.00. The company’s fifty day simple moving average is $32.72 and its 200 day simple moving average is $30.05.

Five Star Bancorp (NASDAQ:FSBC) last issued 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. The business had revenue of $41.31 million for the quarter, compared to the consensus estimate of $40.34 million. Five Star Bancorp had a net margin of 22.14% and a return on equity of 12.89%. During the same period in the previous year, the company earned $0.52 earnings per share. As a group, research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 3rd. Five Star Bancorp’s payout ratio is 32.65%.

Five Star Bancorp Company Profile

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.