Five Star Bancorp (NASDAQ:FSBC - Get Free Report) announced a quarterly dividend on Friday, July 18th, RTT News reports. Shareholders of record on Monday, August 4th will be paid a dividend of 0.20 per share on Monday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%.
Five Star Bancorp has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.7%.
Five Star Bancorp Stock Down 1.7%
NASDAQ FSBC traded down $0.54 during trading on Friday, hitting $30.32. The company's stock had a trading volume of 24,570 shares, compared to its average volume of 50,647. The firm has a 50 day moving average price of $28.53 and a 200 day moving average price of $28.74. The firm has a market cap of $646.62 million, a P/E ratio of 13.31 and a beta of 0.51. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $35.13.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.27 million. Five Star Bancorp had a return on equity of 12.24% and a net margin of 21.64%. On average, equities analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.
Insider Activity
In related news, CEO James Eugene Beckwith sold 6,429 shares of Five Star Bancorp stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total value of $178,340.46. Following the completion of the transaction, the chief executive officer owned 469,952 shares in the company, valued at approximately $13,036,468.48. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Five Star Bancorp
An institutional investor recently raised its position in Five Star Bancorp stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,904 shares of the company's stock after acquiring an additional 390 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Five Star Bancorp were worth $275,000 at the end of the most recent reporting period. 46.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Raymond James Financial cut their target price on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. DA Davidson decreased their price objective on Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup reissued an "outperform" rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.
Read Our Latest Stock Report on FSBC
About Five Star Bancorp
(
Get Free Report)
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.
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