Five Star Bancorp (NASDAQ:FSBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Five Star Bancorp (NASDAQ:FSBC) had its price target lifted by Keefe, Bruyette & Woods from $40.00 to $41.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 3.48% from the company’s current price.

A number of other equities analysts also recently issued reports on FSBC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. DA Davidson increased their price target on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday. Janney Montgomery Scott assumed coverage on shares of Five Star Bancorp in a research report on Friday, October 10th. They set a “buy” rating and a $37.00 price target for the company. 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. Finally, Stephens lowered shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Five Star Bancorp Price Performance

FSBC stock opened at $39.62 on Thursday. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $40.31. The firm has a 50-day moving average of $36.74 and a 200 day moving average of $33.97. The company has a market cap of $846.68 million, a P/E ratio of 13.66 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.73% and a net margin of 24.11%.The firm had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. On average, equities research analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp during the third quarter valued at $27,000. CWM LLC lifted its stake in Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after acquiring an additional 827 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp in the third quarter worth approximately $40,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Five Star Bancorp in the second quarter worth approximately $64,000. 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.