FY2023 Earnings Forecast for Five Star Bancorp Issued By DA Davidson (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBCGet Rating) – Stock analysts at DA Davidson decreased their FY2023 earnings per share estimates for shares of Five Star Bancorp in a note issued to investors on Wednesday, April 27th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.64 for the year, down from their prior estimate of $2.68.

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

Separately, Zacks Investment Research downgraded 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.

Five Star Bancorp stock opened at $25.83 on Friday. Five Star Bancorp has a fifty-two week low of $21.91 and a fifty-two week high of $33.98. The company has a market capitalization of $445.46 million and a P/E ratio of 8.91. The stock has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $29.18.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, May 6th. Five Star Bancorp’s payout ratio is 20.69%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maltese Capital Management LLC grew its holdings in shares of Five Star Bancorp by 0.3% in the 3rd quarter. Maltese Capital Management LLC now owns 178,100 shares of the company’s stock worth $4,264,000 after acquiring an additional 600 shares during the period. TD Asset Management Inc. grew its holdings in shares of Five Star Bancorp by 26.2% in the 3rd quarter. TD Asset Management Inc. now owns 18,798 shares of the company’s stock worth $450,000 after acquiring an additional 3,900 shares during the period. Cox Capital Mgt LLC grew its holdings in shares of Five Star Bancorp by 0.4% in the 4th quarter. Cox Capital Mgt LLC now owns 105,382 shares of the company’s stock worth $3,161,000 after acquiring an additional 407 shares during the period. Allworth Financial LP acquired a new stake in shares of Five Star Bancorp in the 4th quarter worth approximately $308,000. Finally, Geode Capital Management LLC grew its holdings in shares of Five Star Bancorp by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 94,246 shares of the company’s stock worth $2,256,000 after acquiring an additional 6,542 shares during the period. 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.

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