Five Star Bancorp (NASDAQ:FSBC) Stock Has Average Target Price of $47.25 According to Brokerages

Key Points

• Analyst sentiment is moderately positive: Six analysts rate Five Star Bancorp “Moderate Buy,” with three buys and three holds, and an average 12-month price target of $47.25.
• Insiders and institutions have been accumulating shares: Insiders purchased 142,727 shares worth about $6.28 million over the past 90 days, while institutional investors own 46.94% of the company.
• Recent financial results exceeded expectations: Five Star Bancorp reported quarterly EPS of $0.91 versus the $0.86 consensus estimate, paid a $0.25 quarterly dividend, and has a 2.3% dividend yield.

Shares of Five Star Bancorp (NASDAQ:FSBC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $47.25.

Several equities analysts recently commented on the stock. DA Davidson increased 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 report on Wednesday, July 29th. Stephens set a $51.00 target price on shares of Five Star Bancorp in a research note on Monday, July 27th. Weiss Ratings downgraded shares of Five Star Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, September 21st. Finally, 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.

Insider Buying and Selling at Five Star Bancorp

In other news, Director Kevin Ramos bought 5,682 shares of the business's stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, with a total value of $250,008.00. Following the transaction, the director directly owned 177,546 shares in the company, valued at approximately $7,812,024. The trade was a 3.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Perry-Smith bought 31,363 shares of Five Star Bancorp stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, with a total value of $1,379,972.00. Following the purchase, the director directly owned 258,898 shares in the company, valued at $11,391,512. The trade was a 13.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 142,727 shares of company stock valued at $6,279,988. Company insiders own 21.79% of the company's stock.

Institutional Trading of Five Star Bancorp

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Five Star Bancorp by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company's stock valued at $12,143,000 after acquiring an additional 34,396 shares during the period. Ieq Capital LLC purchased a new stake in shares of Five Star Bancorp in the 2nd quarter valued at $1,203,000. Bank of New York Mellon Corp purchased a new stake in shares of Five Star Bancorp in the 2nd quarter valued at $4,642,000. Squarepoint Ops LLC acquired a new stake in shares of Five Star Bancorp in the second quarter worth $1,994,000. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Five Star Bancorp by 24.9% in the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company's stock worth $5,857,000 after acquiring an additional 30,936 shares during the period. Hedge funds and other institutional investors own 46.94% of the company's stock.

Five Star Bancorp Price Performance

Shares of NASDAQ:FSBC opened at $42.76 on Tuesday. The business's 50-day moving average is $45.10 and its 200 day moving average is $44.05. Five Star Bancorp has a 1 year low of $30.68 and a 1 year high of $50.26. The firm has a market capitalization of $1.05 billion, a P/E ratio of 12.65 and a beta of 0.55.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%. The business had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. On average, analysts expect that Five Star Bancorp will post 3.50 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 3rd. Five Star Bancorp's payout ratio is presently 29.59%.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in Rancho Cordova, California. Through its banking subsidiary, the company provides deposit, lending and treasury management services to businesses, professionals, nonprofit organizations and individuals.

Five Star Bank's lending activities include commercial real estate, construction and commercial business loans, as well as financing for small businesses and other relationship-based banking needs.

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