Five Star Bancorp (NASDAQ:FSBC) Expected to Earn Q2 2022 Earnings of $0.53 Per Share

Five Star Bancorp (NASDAQ:FSBCGet Rating) – Equities research analysts at DA Davidson issued their Q2 2022 earnings per share estimates for Five Star Bancorp in a research note issued on Wednesday, April 27th. DA Davidson analyst G. Tenner forecasts that the company will post earnings per share of $0.53 for the quarter. DA Davidson also issued estimates for Five Star Bancorp’s FY2022 earnings at $2.29 EPS.

Five Star Bancorp (NASDAQ:FSBCGet Rating) last released its quarterly earnings data on Monday, April 25th. The company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $24.05 million for the quarter. Five Star Bancorp had a net margin of 47.76% and a return on equity of 20.92%. During the same quarter in the previous year, the company posted $0.93 EPS.

Separately, Zacks Investment Research downgraded shares of 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.

Shares of FSBC stock opened at $25.39 on Thursday. The firm has a 50-day moving average of $29.16 and a 200-day moving average of $29.20. The company has a market cap of $437.88 million and a P/E ratio of 8.76. Five Star Bancorp has a one year low of $21.91 and a one year high of $33.98.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 9th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 6th. This represents a $0.60 annualized dividend and a yield of 2.36%. Five Star Bancorp’s payout ratio is currently 20.69%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Five Star Bancorp by 91.4% during the fourth quarter. BlackRock Inc. now owns 549,796 shares of the company’s stock valued at $16,495,000 after buying an additional 262,518 shares during the period. Invesco Ltd. boosted its position in Five Star Bancorp by 0.6% during the fourth quarter. Invesco Ltd. now owns 372,977 shares of the company’s stock worth $11,189,000 after purchasing an additional 2,164 shares during the period. River Oaks Capital LLC bought a new position in Five Star Bancorp during the fourth quarter worth about $315,000. Maltese Capital Management LLC boosted its position in Five Star Bancorp by 0.5% during the fourth quarter. Maltese Capital Management LLC now owns 179,033 shares of the company’s stock worth $5,371,000 after purchasing an additional 933 shares during the period. Finally, Geode Capital Management LLC boosted its position in Five Star Bancorp by 62.1% during the fourth quarter. Geode Capital Management LLC now owns 152,806 shares of the company’s stock worth $4,584,000 after purchasing an additional 58,560 shares during the period. Institutional investors 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.

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