Raymond James Has Lowered Expectations for Five Star Bancorp (NASDAQ:FSBC) Stock Price

Five Star Bancorp (NASDAQ:FSBC - Free Report) had its price objective cut by Raymond James from $35.00 to $31.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Thursday, January 30th. Stephens restated an "overweight" rating and set a $37.00 price target on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Finally, DA Davidson reissued a "buy" rating and set a $38.50 price objective on shares of Five Star Bancorp in a report on Thursday, January 30th.

Five Star Bancorp Price Performance

NASDAQ:FSBC traded up $0.63 during mid-day trading on Wednesday, reaching $28.18. The stock had a trading volume of 62,068 shares, compared to its average volume of 55,101. The stock has a market cap of $601.05 million, a P/E ratio of 12.36 and a beta of 0.52. The business's 50 day moving average is $27.63 and its 200 day moving average is $29.99. Five Star Bancorp has a fifty-two week low of $21.78 and a fifty-two week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. The business had revenue of $35.34 million for the quarter, compared to the consensus estimate of $35.27 million. Equities analysts expect that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. Five Star Bancorp's dividend payout ratio is currently 35.09%.

Insider Activity at Five Star Bancorp

In related news, CEO James Eugene Beckwith sold 4,000 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the sale, the chief executive officer now directly owns 476,381 shares of the company's stock, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna Lucas acquired 2,650 shares of Five Star Bancorp stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the purchase, the director now owns 12,076 shares of the company's stock, valued at approximately $343,320.68. This represents a 28.11 % increase in their position. The disclosure for this purchase can be found here. 21.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Five Star Bancorp during the fourth quarter valued at approximately $60,000. GAMMA Investing LLC raised its holdings in Five Star Bancorp by 8,240.7% during the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock worth $63,000 after purchasing an additional 2,225 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of 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 purchasing an additional 1,427 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Five Star Bancorp during the fourth quarter worth approximately $108,000. Finally, Intech Investment Management LLC bought a new position in Five Star Bancorp in the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 46.94% of the company's stock.

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.