Five Star Bancorp (NASDAQ:FSBC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.40.

A number of equities research analysts have issued reports on the stock. DA Davidson set a $43.00 target price on shares of Five Star Bancorp in a report on Wednesday, October 29th. Janney Montgomery Scott initiated coverage on Five Star Bancorp in a research note on Friday, October 10th. They set a “buy” rating and a $37.00 price objective on the stock. Stephens downgraded Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th.

Five Star Bancorp Price Performance

Shares of FSBC opened at $36.98 on Friday. The firm has a market cap of $790.26 million, a PE ratio of 13.70 and a beta of 0.52. The stock’s fifty day moving average price is $35.55 and its two-hundred day moving average price is $33.09. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $38.86.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $41.31 million during the quarter, compared to the consensus estimate of $40.34 million. During the same quarter in the prior year, the company earned $0.52 EPS. Sell-side analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.80 annualized dividend and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.63%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FSBC. American Century Companies Inc. lifted its holdings in shares of Five Star Bancorp by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock worth $9,492,000 after acquiring an additional 29,943 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Five Star Bancorp by 278.1% during the third quarter. Deprince Race & Zollo Inc. now owns 68,640 shares of the company’s stock valued at $2,210,000 after purchasing an additional 50,486 shares in the last quarter. Creative Planning purchased a new stake in Five Star Bancorp during the second quarter valued at about $499,000. AlphaQuest LLC lifted its stake in Five Star Bancorp by 127.5% during the second quarter. AlphaQuest LLC now owns 17,383 shares of the company’s stock worth $496,000 after purchasing an additional 9,743 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Five Star Bancorp by 67.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 26,935 shares of the company’s stock worth $769,000 after purchasing an additional 10,808 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.