Five Star Bancorp (NASDAQ:FSBC) Now Covered by Analysts at Janney Montgomery Scott

Key Points

• Five Star Bancorp has received a rating upgrade to strong-buy from Janney Montgomery Scott, reflecting increased analyst confidence in the stock.
• The company's recent earnings report showed a beat on both earnings per share ($0.68 vs. $0.65 expected) and revenue ($38.33 million vs. $37.60 million expected).
• Insider activity included COO Lydia Ann Ramirez-Medina selling 825 shares, reducing her ownership stake by 6.45%.

Research analysts at Janney Montgomery Scott assumed coverage on shares of Five Star Bancorp (NASDAQ:FSBC - Get Free Report) in a note issued to investors on Friday, MarketBeat reports. The firm set a "buy" rating on the stock.

A number of other analysts have also commented on FSBC. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Wednesday. Finally, DA Davidson boosted their price objective on shares of Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $35.40.

Five Star Bancorp Stock Performance

Shares of FSBC stock opened at $31.11 on Friday. The stock has a fifty day moving average price of $32.01 and a 200 day moving average price of $29.48. The stock has a market cap of $664.82 million, a PE ratio of 12.70 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.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.03. The firm had revenue of $38.33 million for the quarter, compared to analysts' expectations of $37.60 million. Five Star Bancorp had a net margin of 22.14% and a return on equity of 12.89%. As a group, equities research analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $30.94, for a total transaction of $25,525.50. Following the transaction, the chief operating officer directly owned 11,960 shares of the company's stock, valued at $370,042.40. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 21.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its position in Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company's stock worth $30,000 after acquiring an additional 827 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Five Star Bancorp during the 2nd quarter valued at $34,000. Raymond James Financial Inc. acquired a new stake in Five Star Bancorp during the 2nd quarter valued at $64,000. GAMMA Investing LLC grew 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 valued at $63,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Five Star Bancorp by 65.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company's stock valued at $98,000 after purchasing an additional 1,359 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

About Five Star Bancorp

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.