Five Star Bancorp (NASDAQ:FSBC) Shares Cross Above 50 Day Moving Average - Should You Sell?

Key Points

• Five Star Bancorp shares rose above their 50-day moving average, reaching $44.84 before last trading at $44.50; the 50-day and 200-day averages were $44.42 and $42.59, respectively.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $47.25. Recent targets included $51 from Stephens and $55 from DA Davidson.
• The company exceeded quarterly expectations, reporting $0.92 in earnings per share versus an $0.85 consensus estimate, and announced a $0.25 quarterly dividend, equivalent to a 2.2% yield.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $44.42 and traded as high as $44.84. Five Star Bancorp shares last traded at $44.50, with a volume of 119,778 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a report on Monday, July 27th. Zacks Research upgraded shares of Five Star Bancorp from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. DA Davidson boosted their target price on shares of Five Star Bancorp from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Five Star Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, September 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $47.25.

Five Star Bancorp Price Performance

The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.17 and a beta of 0.55. The business has a fifty day moving average price of $44.42 and a 200 day moving average price of $42.59.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $52.62 million during the quarter, compared to analysts' expectations of $51.31 million. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%. As a group, sell-side analysts predict that Five Star Bancorp will post 3.50 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Five Star Bancorp's dividend payout ratio is presently 29.59%.

Institutional Trading of Five Star Bancorp

A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in Five Star Bancorp by 96.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,462 shares of the company's stock worth $62,000 after purchasing an additional 716 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Five Star Bancorp during the 2nd quarter worth about $417,000. Squarepoint Ops LLC acquired a new position in shares of Five Star Bancorp during the second quarter valued at about $1,994,000. Arizona State Retirement System acquired a new position in shares of Five Star Bancorp during the second quarter valued at about $201,000. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Five Star Bancorp by 11.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company's stock valued at $367,000 after buying an additional 800 shares during the last quarter. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.

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