Five Star Bancorp (NASDAQ:FSBC) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Five Star Bancorp reported quarterly EPS of $0.92, beating analysts’ consensus estimate of $0.85 by $0.07. The company posted a 15.92% return on equity and a 25.92% net margin.
• Shares traded up 0.9% to $44.50, while the company announced a quarterly dividend of $0.25 per share, equivalent to a 2.2% yield and a 29.59% payout ratio.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $47.25; DA Davidson raised its target to $55.00.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) announced its earnings results on Monday. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.07, Zacks reports. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%.

Five Star Bancorp Trading Up 0.9%

FSBC traded up $0.41 during midday trading on Monday, hitting $44.50. 119,778 shares of the company traded hands, compared to its average volume of 129,839. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.17 and a beta of 0.55. The business has a 50 day simple moving average of $44.47 and a two-hundred day simple moving average of $44.39. Five Star Bancorp has a 52-week low of $32.20 and a 52-week high of $50.26.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Five Star Bancorp's dividend payout ratio is presently 29.59%.

Analysts Set New Price Targets

A number of brokerages have weighed in on FSBC. DA Davidson increased their price target on Five Star Bancorp from $53.00 to $55.00 and gave the stock 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 report on Monday, July 27th. Zacks Research upgraded shares of Five Star Bancorp from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.25.

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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