Five Star Bancorp (NASDAQ:FSBC) Given New $43.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised its price target on Five Star Bancorp to $43.00 with a "market perform" rating (about a 5% upside), while the stock's consensus is a Moderate Buy with an average target of $42.30 (four Buys, two Holds).
• In the latest quarter Five Star reported $0.83 EPS on $43.47 million in revenue, with a 25.23% net margin and 15.56% ROE, and analysts expect roughly 3.5 EPS for the current year.
• Company insiders sold shares recently (CEO sold 4,000 at $36.66; SVP sold 1,200 at $39.30); insiders own 21.79% of the stock while institutional investors hold 46.94%, with major funds like T. Rowe Price, Vanguard and Adage increasing positions.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $41.00 to $43.00 in a report released on Friday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target points to a potential upside of 5.06% from the company's previous close.

FSBC has been the topic of a number of other reports. Stephens raised their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Finally, DA Davidson increased their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a "buy" rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Five Star Bancorp has a consensus rating of "Moderate Buy" and an average price target of $42.30.

Five Star Bancorp Stock Performance

NASDAQ:FSBC traded up $0.48 during mid-day trading on Friday, reaching $40.93. 13,224 shares of the company's stock were exchanged, compared to its average volume of 81,436. Five Star Bancorp has a one year low of $26.20 and a one year high of $42.26. The firm has a market capitalization of $875.08 million, a PE ratio of 12.97 and a beta of 0.53. The business's fifty day simple moving average is $38.89 and its two-hundred day simple moving average is $37.35.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.56%. The business had revenue of $43.47 million for the quarter. As a group, equities research analysts forecast that Five Star Bancorp will post 3.5 EPS for the current year.

Insider Buying and Selling

In other news, CEO James Eugene Beckwith sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the sale, the chief executive officer directly owned 473,014 shares in the company, valued at approximately $17,340,693.24. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael Eugene Lee sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the sale, the senior vice president owned 35,272 shares in the company, valued at approximately $1,386,189.60. The trade was a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.79% of the company's stock.

Institutional Investors Weigh In On Five Star Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its position in Five Star Bancorp by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company's stock worth $72,182,000 after buying an additional 18,668 shares during the period. Vanguard Group Inc. boosted its position in Five Star Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company's stock worth $29,017,000 after buying an additional 15,183 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in Five Star Bancorp by 75.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company's stock worth $20,388,000 after buying an additional 245,727 shares during the period. Kennedy Capital Management LLC boosted its position in Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company's stock worth $15,701,000 after buying an additional 56,412 shares during the period. Finally, Geode Capital Management LLC boosted its position in Five Star Bancorp by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 399,166 shares of the company's stock worth $14,285,000 after buying an additional 5,038 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Company Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company's core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.

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