Five Star Bancorp (NASDAQ:FSBC) to Issue Quarterly Dividend of $0.25

Key Points

• Five Star Bancorp declared a quarterly dividend of $0.25 per share, payable November 9 to shareholders of record November 2. The dividend represents a $1.00 annualized payout and a 2.2% yield.
• The dividend appears well covered, with a current payout ratio of 31.8% and an expected future payout ratio of 26.9% based on projected earnings.
• Five Star Bancorp recently reported quarterly EPS of $0.92, beating estimates by $0.07, while analysts maintain a consensus “Hold” rating and an average price target of $49.67.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) declared a quarterly dividend on Friday, October 16th. Investors of record on Monday, November 2nd will be given a dividend of $0.25 per share on Monday, November 9th. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd.

Five Star Bancorp has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.9%.

Five Star Bancorp Stock Performance

Shares of FSBC stock opened at $44.92 on Friday. Five Star Bancorp has a 52-week low of $32.20 and a 52-week high of $50.26. The company has a 50-day simple moving average of $44.39 and a two-hundred day simple moving average of $42.76. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 12.73 and a beta of 0.55.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. The firm had revenue of $52.62 million during the quarter, compared to analyst estimates of $51.31 million. On average, sell-side analysts forecast that Five Star Bancorp will post 3.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on FSBC shares. DA Davidson reaffirmed a "buy" rating and set a $55.00 price target on shares of Five Star Bancorp in a research report on Tuesday. Stephens set a $51.00 price target on Five Star Bancorp in a report on Monday, July 27th. 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, Zacks Research upgraded Five Star Bancorp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $49.67.

Five Star Bancorp Company Profile

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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