Five Star Bancorp (NASDAQ:FSBC) Sets New 1-Year High - Here's Why

Key Points

• Five Star Bancorp stock reached a new 52-week high of $35.22, closing at $35.16 with 5,701 shares traded.
• Analysts have a consensus rating of "Moderate Buy" and an average target price of $35.40, with most analysts issuing buy ratings.
• The company announced a quarterly dividend of $0.20 per share, representing an annual yield of 2.3%, to be paid on November 10th.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $35.22 and last traded at $35.16, with a volume of 5701 shares traded. The stock had previously closed at $34.90.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They issued a "buy" rating and a $37.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of 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. DA Davidson lifted their price target on shares of Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.40.

Five Star Bancorp Stock Performance

The business's 50-day moving average price is $32.40 and its 200 day moving average price is $29.76. The company has a market cap of $754.40 million, a P/E ratio of 14.41 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced 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. Five Star Bancorp had a net margin of 22.14% and a return on equity of 12.89%. The company had revenue of $38.33 million during the quarter, compared to the consensus estimate of $37.60 million. Equities research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Five Star Bancorp's payout ratio is presently 32.65%.

Insider Activity at Five Star Bancorp

In related news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the sale, the chief operating officer owned 11,960 shares of the company's stock, valued at approximately $370,042.40. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 25.57% of the company's stock.

Institutional Trading of Five Star Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of FSBC. GAMMA Investing LLC boosted its holdings in Five Star Bancorp by 8,240.7% in 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 during the period. Allianz Asset Management GmbH bought a new stake in Five Star Bancorp in the 1st quarter valued at about $228,000. TD Asset Management Inc raised its position in shares of Five Star Bancorp by 5.6% in the 1st quarter. TD Asset Management Inc now owns 65,368 shares of the company's stock valued at $1,817,000 after buying an additional 3,472 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Five Star Bancorp in the 1st quarter valued at approximately $263,000. Finally, Vanguard Group Inc. raised its position in shares of Five Star Bancorp by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 862,647 shares of the company's stock valued at $23,982,000 after buying an additional 22,505 shares in the last quarter. Institutional investors 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.

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