Five Star Bancorp Plans Quarterly Dividend of $0.20 (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Stockholders of record on Monday, May 5th will be given a dividend of 0.20 per share on Monday, May 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Monday, May 5th.

Five Star Bancorp has raised its dividend payment by an average of 38.7% per year over the last three years. Five Star Bancorp has a dividend payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.4 %

Shares of FSBC traded down $0.37 during trading hours on Friday, reaching $26.99. 34,745 shares of the company traded hands, compared to its average volume of 55,183. The stock's fifty day moving average price is $28.01 and its 200 day moving average price is $30.07. The firm has a market cap of $575.67 million, a price-to-earnings ratio of 11.84 and a beta of 0.52. Five Star Bancorp has a 12-month low of $21.37 and a 12-month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Donna Lucas bought 2,650 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was acquired 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 approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the sale, the chief executive officer now directly owns 476,381 shares in the company, valued at $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.57% of the stock is currently owned by insiders.

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.