Stephens Has Lowered Expectations for Five Star Bancorp (NASDAQ:FSBC) Stock Price

Key Points

• Stephens lowered its price target for Five Star Bancorp from $50 to $49 while maintaining an “equal weight” rating, implying 6.93% upside from the previous close.
• Analyst sentiment is mixed but leans toward caution: two analysts rate the stock a Buy and three rate it a Hold, producing a consensus “Hold” rating and a $49 average price target.
• Five Star Bancorp exceeded quarterly expectations, reporting $0.92 in earnings per share versus the $0.85 estimate and $52.62 million in revenue versus $51.31 million expected; shares recently rose 2.0% to $45.83.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) had its price target decreased by analysts at Stephens from $50.00 to $49.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Stephens's price objective points to a potential upside of 6.93% from the company's previous close.

Several other equities analysts also recently commented on the stock. Zacks Research upgraded shares of Five Star Bancorp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Weiss Ratings cut Five Star Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, September 21st. Finally, DA Davidson reiterated a "buy" rating and issued a $55.00 price target on shares of Five Star Bancorp in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.00.

Five Star Bancorp Stock Up 2.0%

Shares of NASDAQ:FSBC traded up $0.91 during midday trading on Monday, hitting $45.83. The stock had a trading volume of 35,829 shares, compared to its average volume of 130,589. The business's 50-day simple moving average is $44.39 and its 200-day simple moving average is $42.76. The company has a market cap of $1.12 billion, a P/E ratio of 12.99 and a beta of 0.55. Five Star Bancorp has a 12 month low of $32.20 and a 12 month high of $50.26.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its earnings results on Monday, October 26th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. The business had revenue of $52.62 million for the quarter, compared to analyst estimates of $51.31 million. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. As a group, equities analysts predict that Five Star Bancorp will post 3.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Davis Asset Management L.P. purchased a new position in Five Star Bancorp in the second quarter worth $73,595,000. BlackRock Inc. purchased a new stake in shares of Five Star Bancorp in the 2nd quarter valued at $64,816,000. Dimensional Fund Advisors LP boosted its stake in shares of Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company's stock valued at $12,143,000 after purchasing an additional 34,396 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Five Star Bancorp during the second quarter valued at about $4,642,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Five Star Bancorp in the 2nd quarter worth approximately $1,994,000. Institutional investors own 46.94% of the company's stock.

About Five Star Bancorp

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.

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