Five Star Bancorp's (FSBC) Buy (B-) Rating Reiterated at Weiss Ratings

Key Points

• Five Star Bancorp (FSBC) has had its "buy (B-)" rating reaffirmed by Weiss Ratings, indicating strong analyst confidence in the stock.
• The company's recent earnings report showed an earnings per share of $0.68, surpassing estimates of $0.65, with revenues reaching $38.33 million.
• Institutional investors have significantly increased their stakes in Five Star Bancorp, with notable increases by firms such as CWM LLC and GAMMA Investing LLC.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report)'s stock had its "buy (b-)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

FSBC has been the topic of a number of other research reports. DA Davidson boosted their price objective on Five Star Bancorp from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Five Star Bancorp presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Five Star Bancorp Stock Performance

Shares of FSBC opened at $31.55 on Wednesday. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $35.13. The business's fifty day moving average is $31.95 and its 200-day moving average is $29.45. The firm has a market cap of $674.22 million, a price-to-earnings ratio of 12.88 and a beta of 0.51.

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

Insider Activity at Five Star Bancorp

In related news, COO Lydia Ann Ramirez-Medina sold 825 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.94, for a total transaction of $25,525.50. Following the sale, the chief operating officer owned 11,960 shares in the company, valued at $370,042.40. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake 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 buying an additional 827 shares during the period. Russell Investments Group Ltd. acquired a new position in Five Star Bancorp during the 2nd quarter worth approximately $34,000. GAMMA Investing LLC raised its stake 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 buying an additional 2,225 shares during the period. Raymond James Financial Inc. acquired a new position in Five Star Bancorp during the 2nd quarter worth approximately $64,000. Finally, Tower Research Capital LLC TRC raised its stake 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 worth $98,000 after buying an additional 1,359 shares during the period. 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.

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