Five Star Bancorp (NASDAQ:FSBC) Announces Earnings Results, Beats Estimates By $0.03 EPS

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.03, Zacks reports. Five Star Bancorp had a net margin of 22.14% and a return on equity of 13.05%. The business had revenue of $38.33 million during the quarter, compared to analysts' expectations of $37.60 million.

Five Star Bancorp Price Performance

FSBC stock traded up $0.89 during trading hours on Friday, reaching $30.56. 33,221 shares of the stock were exchanged, compared to its average volume of 39,178. The firm's 50-day moving average is $28.67 and its 200-day moving average is $28.74. The company has a market cap of $651.84 million, a price-to-earnings ratio of 12.47 and a beta of 0.51. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $35.13.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, August 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, August 4th. Five Star Bancorp's dividend payout ratio (DPR) is presently 32.65%.

Wall Street Analysts Forecast Growth

FSBC has been the subject of a number of recent analyst reports. DA Davidson upped 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. Citigroup restated an "outperform" rating on shares of Five Star Bancorp in a research report on Wednesday, April 30th. Finally, Raymond James Financial lowered their price objective on shares of Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.50.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,429 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $27.74, for a total transaction of $178,340.46. Following the completion of the transaction, the chief executive officer owned 469,952 shares in the company, valued at approximately $13,036,468.48. This represents a 1.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.57% of the company's stock.

Hedge Funds Weigh In On Five Star Bancorp

An institutional investor recently raised its position in Five Star Bancorp stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,904 shares of the company's stock after buying an additional 390 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Five Star Bancorp were worth $275,000 at the end of the most recent quarter. 46.94% of the stock is currently owned by institutional investors.

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.