Five Star Bancorp (NASDAQ:FSBC) Receives $40.00 Average Target Price from Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $40.00.

FSBC has been the topic of a number of research analyst reports. Stephens downgraded shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research note on Monday, November 10th. Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. DA Davidson upped their price target on Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $39.30, for a total value of $47,160.00. Following the completion of the transaction, the senior vice president owned 35,272 shares of the company’s stock, valued at approximately $1,386,189.60. This trade represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Star Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in shares of Five Star Bancorp during the third quarter worth $27,000. CWM LLC increased its holdings in Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after purchasing an additional 827 shares during the period. Russell Investments Group Ltd. acquired a new stake in Five Star Bancorp in the 2nd quarter valued at about $34,000. Quarry LP acquired a new stake in Five Star Bancorp in the 3rd quarter valued at about $40,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Down 0.4%

NASDAQ:FSBC opened at $39.10 on Monday. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $42.26. The stock’s fifty day moving average is $38.68 and its two-hundred day moving average is $35.58. The company has a market capitalization of $835.96 million, a P/E ratio of 13.48 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%.The firm had revenue of $40.67 million during the quarter, compared to the consensus estimate of $42.58 million. Sell-side analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were issued a dividend of $0.25 per share. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. Five Star Bancorp’s dividend payout ratio (DPR) is 34.48%.

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.