Five Star Bancorp (NASDAQ:FSBC) Coverage Initiated at Janney Montgomery Scott

Equities research analysts at Janney Montgomery Scott began coverage on shares of Five Star Bancorp (NASDAQ:FSBC) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage set a “buy” rating on the stock.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of Five Star Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. DA Davidson raised their price target on shares of Five Star Bancorp from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Five Star Bancorp Trading Down 0.4%

FSBC stock opened at $31.11 on Friday. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $35.13. The company has a 50-day moving average price of $32.01 and a 200 day moving average price of $29.49. The stock has a market cap of $664.82 million, a PE ratio of 12.70 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC) last posted 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 company had revenue of $38.33 million for the quarter, compared to analyst estimates of $37.60 million. Five Star Bancorp had a net margin of 22.14% and a return on equity of 12.89%. Sell-side analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $30.94, for a total value of $25,525.50. Following the completion of the sale, the chief operating officer directly owned 11,960 shares in the company, valued at $370,042.40. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.70% of the stock is owned by company insiders.

Institutional Trading of Five Star Bancorp

Several large investors have recently bought and sold shares of FSBC. GAMMA Investing LLC grew its position 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 purchasing an additional 2,225 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Five Star Bancorp in the first quarter valued at $228,000. TD Asset Management Inc boosted its holdings in Five Star Bancorp by 5.6% in the first quarter. TD Asset Management Inc now owns 65,368 shares of the company’s stock valued at $1,817,000 after purchasing an additional 3,472 shares during the last quarter. XTX Topco Ltd purchased a new stake in Five Star Bancorp in the first quarter valued at $263,000. Finally, Vanguard Group Inc. boosted its holdings in Five Star Bancorp by 2.7% in the first quarter. Vanguard Group Inc. now owns 862,647 shares of the company’s stock valued at $23,982,000 after purchasing an additional 22,505 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.