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

Shares of Five Star Bancorp (NASDAQ:FSBC) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.20.

A number of equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Stephens set a $51.00 price target on shares of Five Star Bancorp in a report on Monday, July 27th. DA Davidson boosted their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th.

Insider Activity

In other news, Director Donna Lucas purchased 1,136 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was bought at an average cost of $44.00 per share, for a total transaction of $49,984.00. Following the completion of the purchase, the director directly owned 14,254 shares of the company’s stock, valued at $627,176. The trade was a 8.66% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Judson Riggs acquired 2,273 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $100,012.00. Following the completion of the acquisition, the director owned 87,531 shares in the company, valued at approximately $3,851,364. This trade represents a 2.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 142,727 shares of company stock valued at $6,279,988 in the last 90 days. 21.79% of the stock is owned by corporate insiders.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FSBC. Sequoia Financial Advisors LLC purchased a new position in Five Star Bancorp in the second quarter valued at approximately $417,000. Squarepoint Ops LLC purchased a new stake in Five Star Bancorp during the second quarter worth approximately $1,994,000. Arizona State Retirement System purchased a new stake in Five Star Bancorp during the second quarter worth approximately $201,000. Susquehanna Fundamental Investments LLC increased its position in shares of Five Star Bancorp by 11.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company’s stock worth $367,000 after acquiring an additional 800 shares in the last quarter. Finally, United Capital Financial Advisors LLC acquired a new stake in shares of Five Star Bancorp in the second quarter worth $242,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Trading Down 0.9%

Shares of NASDAQ:FSBC opened at $44.71 on Friday. The stock’s 50-day moving average price is $46.70 and its two-hundred day moving average price is $43.36. Five Star Bancorp has a 12-month low of $30.68 and a 12-month high of $50.26. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.23 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. As a group, research analysts forecast that Five Star Bancorp will post 3.52 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 29.59%.

About Five Star Bancorp

Five Star Bancorp is a bank holding company headquartered in Sacramento, California. Its principal subsidiary, Five Star Bank, is a community bank that provides financial products and services to businesses, professionals, nonprofit organizations, real estate investors and individual customers.

Five Star Bank offers commercial and industrial lending, commercial real estate and construction loans, Small Business Administration lending, residential real estate financing and consumer loans.