Stephens Downgrades Five Star Bancorp (NASDAQ:FSBC) to Equal Weight

Five Star Bancorp (NASDAQ:FSBC) was downgraded by research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a note issued to investors on Monday, Marketbeat reports. They currently have a $37.00 target price on the stock. Stephens’ target price indicates a potential upside of 6.87% from the company’s previous close.

FSBC has been the topic of a number of other research reports. Raymond James Financial restated an “outperform” rating and issued a $40.00 price objective (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. DA Davidson set a $43.00 target price on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Janney Montgomery Scott began coverage on shares of Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Five Star Bancorp Trading Up 0.5%

NASDAQ FSBC opened at $34.62 on Monday. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $37.74. The firm’s fifty day simple moving average is $33.36 and its 200-day simple moving average is $30.76. The company has a market capitalization of $739.83 million, a PE ratio of 12.82 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 27th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.The firm had revenue of $41.31 million for the quarter, compared to the consensus estimate of $40.34 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the transaction, the chief operating officer owned 11,960 shares of the company’s stock, valued at $370,042.40. The trade was a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Star Bancorp

A number of institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Five Star Bancorp during the 3rd quarter valued at approximately $27,000. CWM LLC lifted its holdings in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp in the second quarter valued at approximately $34,000. Raymond James Financial Inc. bought a new stake in shares of Five Star Bancorp in the second quarter valued at approximately $64,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after acquiring an additional 1,359 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors.

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.