Five Star Bancorp (NASDAQ:FSBC) Sets New 12-Month High – Should You Buy?

Five Star Bancorp (NASDAQ:FSBC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.04 and last traded at $39.0850, with a volume of 21888 shares changing hands. The stock had previously closed at $37.36.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday, October 8th. Janney Montgomery Scott initiated coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They set a “buy” rating and a $37.00 price objective on the stock. Raymond James Financial reiterated 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. DA Davidson set a $43.00 target price on Five Star Bancorp in a research note on Wednesday, October 29th. Finally, Stephens downgraded shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective on the stock. in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.40.

Five Star Bancorp Trading Up 5.8%

The stock has a 50 day moving average price of $35.91 and a 200-day moving average price of $33.52. The stock has a market capitalization of $844.19 million, a PE ratio of 14.63 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The business had revenue of $41.31 million during the quarter, compared to the consensus estimate of $40.34 million. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.During the same period in the previous year, the company posted $0.52 EPS. Research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be paid a $0.25 dividend. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, February 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 37.04%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Five Star Bancorp during the 3rd quarter worth approximately $27,000. CWM LLC boosted its holdings in Five Star Bancorp by 375.9% in the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares during the period. Russell Investments Group Ltd. bought a new stake in Five Star Bancorp during the second quarter valued at about $34,000. Quarry LP purchased a new position in shares of Five Star Bancorp in the third quarter valued at about $40,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Five Star Bancorp during the second quarter worth about $64,000. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

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.