Five Star Bancorp (NASDAQ:FSBC) Issues Quarterly Earnings Results

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.01, Zacks reports. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%.

Five Star Bancorp Trading Up 0.2 %

FSBC stock traded up $0.05 during midday trading on Monday, reaching $27.04. The company had a trading volume of 47,447 shares, compared to its average volume of 55,152. The company has a 50 day moving average of $28.01 and a two-hundred day moving average of $30.08. Five Star Bancorp has a 1 year low of $21.37 and a 1 year high of $35.13. The company has a market capitalization of $576.74 million, a P/E ratio of 11.86 and a beta of 0.52.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, May 5th. Five Star Bancorp's payout ratio is 35.09%.

Insider Transactions at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the transaction, the chief executive officer now owns 476,381 shares of the company's stock, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna Lucas acquired 2,650 shares of Five Star Bancorp stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now directly owns 12,076 shares of the company's stock, valued at $343,320.68. The trade was a 28.11 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 25.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James reaffirmed an "outperform" rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. Stephens reaffirmed an "overweight" rating and issued a $37.00 price target on shares of Five Star Bancorp in a report on Tuesday, January 28th. DA Davidson restated a "buy" rating and issued a $38.50 target price on shares of Five Star Bancorp in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Thursday, January 30th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.