Five Star Bancorp (NASDAQ:FSBC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Five Star Bancorp (NASDAQ:FSBC) has received an average rating of "Moderate Buy" from five brokerages, with one hold and four buy ratings, and an average price target of $35.00.
• The company recently reported $0.68 EPS for its latest quarter, exceeding analyst expectations and achieving a revenue of $38.33 million.
• Five Star Bancorp announced a quarterly dividend of $0.20, which translates to an annualized dividend yield of 2.5% and a payout ratio of 32.65%.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $35.00.

A number of research analysts have weighed in on FSBC shares. DA Davidson lifted their price target on shares of Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods lifted their price target on shares of Five Star Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a research report on Monday, July 28th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Five Star Bancorp in a research report on Saturday, September 27th.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC traded up $0.29 on Friday, hitting $32.07. The company's stock had a trading volume of 21,394 shares, compared to its average volume of 50,345. The stock has a 50 day moving average of $31.87 and a 200-day moving average of $29.35. The company has a market capitalization of $685.34 million, a price-to-earnings ratio of 13.09 and a beta of 0.51. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $38.33 million for the quarter, compared to analyst estimates of $37.60 million. Five Star Bancorp had a net margin of 22.14% and a return on equity of 12.89%. Sell-side analysts expect that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, August 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. Five Star Bancorp's payout ratio is presently 32.65%.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the transaction, the chief operating officer directly owned 11,960 shares of the company's stock, valued at $370,042.40. The trade was a 6.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Star Bancorp

A number of institutional investors have recently made changes to their positions in FSBC. CWM LLC lifted its stake in Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company's stock valued at $30,000 after purchasing an additional 827 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Five Star Bancorp in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC increased its stake in Five Star Bancorp by 8,240.7% in the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock valued at $63,000 after buying an additional 2,225 shares during the period. Raymond James Financial Inc. acquired a new position in Five Star Bancorp in the 2nd quarter valued at approximately $64,000. Finally, Public Employees Retirement System of Ohio increased its stake in Five Star Bancorp by 91.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company's stock valued at $90,000 after buying an additional 1,427 shares during the period. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Company Profile

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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