Five Star Bancorp (NASDAQ:FSBC) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Five Star Bancorp (NASDAQ:FSBCGet Rating) released its quarterly earnings data on Monday. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05, MarketWatch Earnings reports. The business had revenue of $24.05 million during the quarter. Five Star Bancorp had a return on equity of 20.92% and a net margin of 47.76%. During the same period in the prior year, the business earned $0.93 earnings per share.

Shares of NASDAQ:FSBC opened at $26.77 on Wednesday. Five Star Bancorp has a 1 year low of $21.91 and a 1 year high of $33.98. The stock’s fifty day moving average price is $29.26. The stock has a market capitalization of $461.68 million and a price-to-earnings ratio of 9.23.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 9th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. Five Star Bancorp’s dividend payout ratio is 20.69%.

Separately, Zacks Investment Research lowered Five Star Bancorp from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a report on Wednesday, January 5th.

Several large investors have recently made changes to their positions in FSBC. Morgan Stanley purchased a new stake in shares of Five Star Bancorp during the second quarter worth $87,000. Brighton Jones LLC bought a new position in Five Star Bancorp during the third quarter valued at about $1,812,000. Advisor Group Holdings Inc. raised its holdings in Five Star Bancorp by 285.0% during the third quarter. Advisor Group Holdings Inc. now owns 3,850 shares of the company’s stock valued at $92,000 after buying an additional 2,850 shares in the last quarter. TD Asset Management Inc. raised its holdings in Five Star Bancorp by 26.2% during the third quarter. TD Asset Management Inc. now owns 18,798 shares of the company’s stock valued at $450,000 after buying an additional 3,900 shares in the last quarter. Finally, Prospector Partners LLC bought a new position in Five Star Bancorp during the third quarter valued at about $311,000. Institutional investors and hedge funds own 34.09% of the company’s stock.

About Five Star Bancorp (Get Rating)

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. The company accepts various deposits, such as money market, noninterest-bearing and interest checking accounts, savings accounts, and time deposits.

Further Reading

Earnings History for Five Star Bancorp (NASDAQ:FSBC)

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