Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Five Star Bancorp (NASDAQ:FSBC)

Keefe, Bruyette & Woods reissued their market perform rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note published on Monday morning, Benzinga reports. They currently have a $27.00 price objective on the stock.

Other analysts have also recently issued reports about the company. TheStreet upgraded Five Star Bancorp from a c rating to a b- rating in a research report on Wednesday, December 13th. DA Davidson restated a buy rating and issued a $29.00 target price on shares of Five Star Bancorp in a report on Monday.

Five Star Bancorp Stock Down 0.8 %

Five Star Bancorp stock opened at $22.00 on Monday. The stock has a market capitalization of $381.70 million, a PE ratio of 7.91 and a beta of 0.37. Five Star Bancorp has a 12 month low of $17.74 and a 12 month high of $28.25. The business has a 50 day simple moving average of $23.42 and a 200-day simple moving average of $22.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 1.09.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, January 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $28.61 million during the quarter. Five Star Bancorp had a return on equity of 17.52% and a net margin of 26.24%. On average, analysts anticipate that Five Star Bancorp will post 2.21 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Friday, February 2nd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 28.78%.

Insider Activity

In other news, Director Robert Truxtun Perry-Smith bought 80,460 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $21.75 per share, with a total value of $1,750,005.00. Following the purchase, the director now owns 227,638 shares in the company, valued at $4,951,126.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 26.79% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

Hedge funds have recently bought and sold shares of the company. UBS Group AG lifted its stake in Five Star Bancorp by 967.0% during the 3rd quarter. UBS Group AG now owns 939 shares of the company’s stock worth $27,000 after acquiring an additional 851 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Five Star Bancorp in the 1st quarter valued at about $28,000. Tower Research Capital LLC TRC raised its position in Five Star Bancorp by 164.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,733 shares of the company’s stock valued at $35,000 after purchasing an additional 1,077 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Five Star Bancorp in the 4th quarter valued at about $56,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Five Star Bancorp in the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.