Keefe, Bruyette & Woods Boosts Five Star Bancorp (NASDAQ:FSBC) Price Target to $33.00

Key Points

• Five Star Bancorp has received a new price target of $33.00 from Keefe, Bruyette & Woods, up from $32.00, indicating a potential upside of 8.66% from the last close.
• Analysts' ratings vary, with one hold rating and four buy ratings, leading to an average rating of "Moderate Buy" with a consensus target price of $35.00.
• Recent insider trading saw CEO James Eugene Beckwith sell 6,429 shares at $27.74 each, resulting in a 1.35% decrease in his ownership of the company.

Five Star Bancorp (NASDAQ:FSBC - Free Report) had its target price raised by Keefe, Bruyette & Woods from $32.00 to $33.00 in a research report released on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Several other equities research analysts also recently issued reports on FSBC. DA Davidson boosted their price objective on Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a report on Friday, July 25th. Citigroup reiterated an "outperform" rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. Finally, Raymond James Financial cut their price objective 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Five Star Bancorp Trading Down 1.2%

FSBC traded down $0.36 on Monday, hitting $30.23. The company had a trading volume of 13,571 shares, compared to its average volume of 55,028. The firm has a market cap of $644.80 million, a P/E ratio of 12.34 and a beta of 0.51. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $35.13. The company's fifty day moving average price is $28.81 and its 200 day moving average price is $28.79.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The firm 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 13.05%. On average, analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Monday, August 4th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. Five Star Bancorp's payout ratio is 32.65%.

Insiders Place Their Bets

In related news, CEO James Eugene Beckwith sold 6,429 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 469,952 shares of the company's stock, valued at $13,036,468.48. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaQuest LLC lifted its position in Five Star Bancorp by 127.5% in the second quarter. AlphaQuest LLC now owns 17,383 shares of the company's stock valued at $496,000 after acquiring an additional 9,743 shares during the last quarter. CWM LLC lifted its position in Five Star Bancorp by 375.9% in the second quarter. CWM LLC now owns 1,047 shares of the company's stock valued at $30,000 after acquiring an additional 827 shares during the last quarter. Inspire Investing LLC lifted its position in Five Star Bancorp by 10.0% in the second quarter. Inspire Investing LLC now owns 13,623 shares of the company's stock valued at $389,000 after acquiring an additional 1,235 shares during the last quarter. Jane Street Group LLC purchased a new position in Five Star Bancorp during the 1st quarter worth $889,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Five Star Bancorp during the 1st quarter worth $587,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.