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

Five Star Bancorp (NASDAQ:FSBC) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.00.

A number of research firms recently commented on FSBC. Keefe, Bruyette & Woods boosted their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, DA Davidson upped their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 28th.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $40.71 on Tuesday. The company’s fifty day moving average is $38.88 and its two-hundred day moving average is $37.04. Five Star Bancorp has a 1-year low of $25.70 and a 1-year high of $42.26. The stock has a market capitalization of $870.38 million, a price-to-earnings ratio of 14.04 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The business had revenue of $43.47 million during the quarter. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%. Sell-side analysts expect that Five Star Bancorp will post 3.43 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, May 4th. Five Star Bancorp’s payout ratio is presently 34.48%.

Insider Activity

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,200 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the sale, the senior vice president directly owned 35,272 shares in the company, valued at approximately $1,386,189.60. This trade represents a 3.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the transaction, the chief executive officer owned 473,014 shares in the company, valued at $17,340,693.24. This represents a 0.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 21.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its stake in shares of Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after buying an additional 45,541 shares during the period. 1492 Capital Management LLC grew its holdings in shares of Five Star Bancorp by 33.7% during the 1st quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock valued at $316,000 after acquiring an additional 2,110 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Five Star Bancorp by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after acquiring an additional 18,668 shares during the last quarter. Invesco Ltd. increased its stake in shares of Five Star Bancorp by 0.9% in the fourth quarter. Invesco Ltd. now owns 337,497 shares of the company’s stock worth $12,076,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Five Star Bancorp during the fourth quarter worth $233,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

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.