Five Star Bancorp (NASDAQ:FSBC) Receives Buy Rating from DA Davidson

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a research note issued on Tuesday, Benzinga reports. They presently have a $29.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 33.09% from the company’s previous close.

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $27.00 price target on shares of Five Star Bancorp in a research note on Monday, April 1st.

Five Star Bancorp Stock Up 0.8 %

NASDAQ:FSBC opened at $21.79 on Tuesday. The firm has a market cap of $378.06 million, a P/E ratio of 8.29 and a beta of 0.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.09. Five Star Bancorp has a fifty-two week low of $17.74 and a fifty-two week high of $28.25. The firm has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $23.04.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Five Star Bancorp had a net margin of 23.84% and a return on equity of 16.36%. The firm had revenue of $49.37 million during the quarter. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Analysts predict that Five Star Bancorp will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Five Star Bancorp news, Director Robert Truxtun Perry-Smith acquired 80,460 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of $21.75 per share, with a total value of $1,750,005.00. Following the completion of the acquisition, the director now owns 227,638 shares in the company, valued at approximately $4,951,126.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Star Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC purchased a new position in shares of Five Star Bancorp in the fourth quarter worth approximately $56,000. SG Americas Securities LLC purchased a new position in Five Star Bancorp during the fourth quarter valued at approximately $144,000. New York State Common Retirement Fund lifted its holdings in Five Star Bancorp by 103.1% during the third quarter. New York State Common Retirement Fund now owns 6,702 shares of the company’s stock valued at $134,000 after purchasing an additional 3,402 shares in the last quarter. EPIQ Capital Group LLC purchased a new position in Five Star Bancorp during the third quarter valued at approximately $297,000. Finally, Cox Capital Mgt LLC lifted its holdings in Five Star Bancorp by 2.8% during the first quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock valued at $1,787,000 after purchasing an additional 2,150 shares in the last quarter. Hedge funds and other institutional investors 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.