Five Star Bancorp to Issue Quarterly Dividend of $0.20 (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Monday, April 21st, RTT News reports. Investors of record on Monday, May 5th will be given a dividend of 0.20 per share on Monday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.07%.

Five Star Bancorp has raised its dividend payment by an average of 38.7% per year over the last three years. Five Star Bancorp has a dividend payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.7%.

Five Star Bancorp Price Performance

FSBC stock traded down $0.36 during trading on Monday, reaching $26.05. 22,012 shares of the stock traded hands, compared to its average volume of 54,881. The firm has a market capitalization of $555.62 million, a PE ratio of 11.43 and a beta of 0.52. Five Star Bancorp has a 52-week low of $21.37 and a 52-week high of $35.13. The business’s 50 day moving average price is $28.43 and its 200-day moving average price is $30.14.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, equities research analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James reaffirmed an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. DA Davidson reiterated a “buy” rating and issued a $38.50 price target on shares of Five Star Bancorp in a research note on Thursday, January 30th. Stephens restated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods cut their target price on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

Insider Activity at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the transaction, the chief executive officer now directly owns 476,381 shares of the company’s stock, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna Lucas purchased 2,650 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, the director now owns 12,076 shares in the company, valued at approximately $343,320.68. The trade was a 28.11 % increase in their position. The disclosure for this purchase can be found here. 25.57% of the stock is owned by corporate insiders.

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.